contactless cards fraud

22 Jan

london 11.14am 8.5C rain friday 2016

this is interesting, relatives are using their granny’s contactless card to steal small sums of money.

Elderly people who have contactless bank cards are having cash stolen by family and friends who are taking advantage of their lack of digital awareness, a charity has warned.

Action for Elderly Abuse said it had received a spike in complaints from older people about small, regular sums of money taken by those close to them, such as carers or relatives, who have easy access to their cards.

The attacks are so regular they account for more than 50 per cent of 7,700 financial abuse cases reported in 2015, with £19million having been stolen, conned or coerced from victims. Most perpetrators are family members, while the majority of victims are women over the age of 80.

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i recently got a new replacement card from my bank with the contactless function. i lost it, because i accidentally threw away the letter with it inside.

luckily i had not used it yet, the first use needs my password. but this report makes me realise how dangerous it is to have lying about the house, once i have activated it. anyone can use it to make payments of less than £30. it is like finding a lot of money lying around. as we know, any new innovation that makes it easy to use the card, means it is easy to steal money from it too. i wonder if it is possible to ask for a ordinary debit card without the contactless function. 

2 Responses to “contactless cards fraud”

  1. Garfield Hug Friday January 22, 2016 at 4:38 pm #

    Here we call it ” Visa Wave” card. I have this as well as regular cards. Like you I do not like contactless cards as it is dangerous. Small amounts can add up. Call me old fashioned but I prefer the sign off ones…digital or pen is fine 😉

    • alifesgayventure Friday January 22, 2016 at 5:24 pm #

      visa wave… it suggests that visa is the most popular company in singapore for processing these cards. i wonder why mastercard is not popular too. . i think finger print must be the best … so only your fingerprint can authorise a payment. but that is only when u use iphones.
      i think it might be better to use a oyster card. if lost or stolen, u can get back a refund and a new card free if u register that card, but also the robber is limited to only use up that amount held in the card. or even less if that card is disabled quickly if u report it stolen quickly.but not many businesses allow u to use a oyster card to pay for other things apart from transport in london. i think the latest method of payment is using mobiles. transferring the money from a mobile to another mobile. it is great for those who live in one country and want to transfer money to family in another country. and in india where it is difficult to find change , even the pedicabs drivers are using it.

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