Huge rise in contactless credit card usage
TRANSPORT FOR LONDON (TfL)
has revealed that it is seeing 1.2 million contactless transactions every day, a figure that it expects to grow following the arrival of Apple Pay and Android Pay in the UK.
What hasn’t been mentioned is the large number of incidents of so called “card clash” that results in double payment or over payment of travel charges. https://www.tfl.gov.uk/fares-and-payments/oyster/using-oyster/card-clashIndications are that there have been tens if not hundreds of thousands of repayments made by TFL and that can only be where the customer has actually realised that this overpayment has occurred. So when MasterCard says that every terminal in Europe will accept contactless by 2020 http://www.techradar.com/news/phone-and-communications/mobile-phones/you-ll-be-able-to-use-contactless-payments-anywhere-from-2020-1295733 you can see we are heading rapidly to a cashless society. Our educated guess is that anyone wanting to access your card details will have to use ever more sophisticated methods of getting at your data. And guess what all the latest Smart Phones including now the I-phone6 are equipped with NFC (Near field communication) and with a simple app you can extract bank card details. If you don’t believe it take a look at how many bank card readers are already available on Google play store https://play.google.com/store/search?q=nfc%20reader&c=apps this for both your contactless credit card, debit card and even your passport which; yes you guessed it has exactly the same kind of contactless chip embedded with all of your vital identity data.
Gizmo and VoyagerBlue work closely to bring you effective security for your contactless cards and passports allowing you to gain from the benefits whilst remaining confident you have added security. Visit www.gizmopromo.co.uk now to see how little it costs for peace of mind.
