Payment: Contactless spending limit increase leads to 7m extra transactions
At the beginning of this month, J&P reported that the UK government had increased the spending limit for contactless transactions from £30 to £45 in order to limit the spread of coronavirus. Credit card giant Barclaycard has reported that 7 million customers have...
Payment: Contactless Spending Limit has risen to £45 across the UK
Yesterday, the UK put in place a new measure to fight the spread of the coronavirus – an increase in the spending limit when making a contactless payment transaction. After talks with retailers across the country, UK Finance decided to raise the spending limit from...
PSD2 and Strong Customer Authentication (SCA) – How will they affect me?
What are PSD2 and SCA? In September, the Payments Service Directive 2 (PSD2) came into effect. This is a new regulation that was passed by the EU in 2015, designed to make online payments more secure for both the merchant and the customer. The directive enables...Recent Posts
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