Contactless card limit raised

Published on 3 March 2010 by arun singh

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</p><p>The maximum amount that customers can pay using contactless credit cards or debit cards has increased from £10 to £15.

A request by Visa and Mastercard to raise the limit was agreed by banks and other card providers.

The cards allow customers to pay for items by holding their card over a special reader, with no need to enter a PIN or insert the card into a terminal.

Contactless credit cards and debit cards are becoming increasingly popular, and Barclays Bank believes the sector will continue to grow. So far the company has issued more than two million contactless debit cards and four million contactless credit cards.

It’s thought that an estimated one in seven UK residents will have one by the end of the year.

A spokesperson for the UK Cards Association said the increase was aimed at making the contactless cards more appealing to shopkeepers and as a response to demand from cardholders.

The technology has already proved successful in other parts of Europe and in East Asia.ADNFCR-2939-ID-19647231-ADNFCR

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