Contactless Transaction Limit Increase

1. What is a ‘Contactless transaction limit’?
2. Is the limit increase consistent across the industry?
3. Why has the limit been increased?
4. Does the limit increase change retailers' liability for fraud?
5. What steps do retailers with Contactless equipment need to take?
6. Will cardholders need a new card?
7. Why was £15 chosen as the new limit?
8. Is the limit likely to increase again in a few years?
9. Why is a limit required at all?
10. Will the new limit mean an increased risk of fraud?
11. Who controls the decision to increase the limit?

<< Back to FAQs index