The limit set on contactless payments has now been raised from a maximum of £20, to a maximum of £30, in order to meet the requirements of the UK public.
Contactless, or PIN-free payments, has had the total limit raised by £5, which is £5 above the average supermarket spend, of course in a bid to encourage consumers to further use their card.
Research by the UKCA found that £2.5bn has been spent using contactless cards in the first half of 2015, indicating that consumers in the UK are becoming strong adopters of the payment method.
It has often been voiced that contactless payment is far more at risk of theft and security fraud than traditional card payments. And, although it is difficult to protect contactless cards entirely from fraud, businesses that operate with card payment technology can better protect consumers through implementation of total PCI compliance, in a bid to further improve data security.
You can read the full article on V3 here.