Contactless card payments could become unlimited under plan to scrap 100 cap
Briefly

Contactless card payments could become unlimited under plan to scrap 100 cap
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"Previous transaction limit increases have raised concerns about fraud and theft, but the FCA has stated that banks are required to reimburse unauthorised fraud cases if a card has been lost or stolen. David Geale, executive director of payments and digital finance at the FCA, said: People are still protected; even with contactless, firms will refund your money if your card is used fraudulently."
The Independent covers a range of issues, from reproductive rights and climate change to investigations into Big Tech and political funding, and produces documentaries highlighting American women fighting for reproductive rights. The outlet emphasizes paywall-free journalism funded by donations and asserts trust across the political spectrum. Contactless card payments in the UK could become unlimited under a Financial Conduct Authority proposal to remove the £100 cap, allowing banks and providers to set transaction limits tailored to customers. The FCA says customers remain protected, requires reimbursement for unauthorised fraud on lost or stolen cards, and cites improved payment technology and fraud controls as justification.
Read at www.independent.co.uk
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