Contactless Payments – Are you a fan?

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Universal Contactless Card Symbol.svg
Universal Contactless Card Symbol” by Source. Licensed under Fair use via Wikipedia.

What do you know about this symbol?  Have you seen it?  Have you used it? 

More and more bank cards are now enabled for Contactless payments.  For small value purchases you can literally just touch your card to the machine and you’re good to go – no messing about with getting your card into the machine, sticking your pin number in and so on.  

At first I though this was all really odd and a bit risky – surely it’s open to fraud?  All it takes is for someone to find your card and go use it on a spree of Contactless payments – however payments are currently limited to a maximum £20 to minimize this risk.  Contactless is about those little payments – the coffee at the train station, a new lipstick in Boots, or a few bits from the supermarket, not the new shoes you’ve been lusting after. 

I’m not the only one to feel suspicious of the Contactless payments at first, TSB have noticed the number of Contactless taps have rocketed recently demonstrating an increasing confidence in the service. 

Americanexpressplatinumemvcontactless” by Source (WP:NFCC#4). Licensed under Fair use via Wikipedia.

Now that I’ve started to use it I must admit I love it.  Picture the scene – I’m in the shop on my own with three kids, two chattering about what they want for dinner or things they want to buy and the other just trying to escape or grab anything within in her reach . . . being able to just tap my card to the reader and have my transaction completed is a lifesaver – it’s quick, I don’t have to think about it and it only takes whichever hand happens to be free!  It has been claimed that some transactions are up to twice as quick as conventional purchases.

So are you a Contactless convert or a Contactless virgin?

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