{"id":323962,"date":"2025-12-19T03:37:08","date_gmt":"2025-12-19T03:37:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/323962\/"},"modified":"2025-12-19T03:37:08","modified_gmt":"2025-12-19T03:37:08","slug":"100-contactless-card-limit-to-be-lifted-from-march-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/323962\/","title":{"rendered":"\u00a3100 contactless card limit to be lifted from March"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The FCA&#8217;s own survey on changing the rules, released during consultation, showed that 78% of consumers who responded said they did not want any change to the current limits.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Consumers and academics have suggested that the extra convenience of unlimited contactless payment limits could also lead to shoppers <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cevzepl3vz1o\" class=\"ssrcss-f6h2dj-InlineLink e1kn3p7n0\" rel=\"nofollow noopener\" target=\"_blank\">spending without thinking<\/a>.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">This is said to be a particular issue with credit cards, when people are spending borrowed money and accumulating debt.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Financial abuse charities have also warned that unlimited contactless spending could give abusers free access to drain a survivor&#8217;s bank account with no checks or alerts.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">They also worry it could also hasten the shift towards a cashless society, despite notes and coins being a lifeline to many financial abuse survivors whose card transactions are monitored online by their abusers.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">One policy to help vulnerable customers access cash, as bank branches close, is the development of shared banking hubs.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Cash Access UK, the organisation set up to protect access to cash across the UK, announced the official opening of its 200th banking hub in Billericay, Essex, on Friday. <\/p>\n","protected":false},"excerpt":{"rendered":"The FCA&#8217;s own survey on changing the rules, released during consultation, showed that 78% of consumers who responded&hellip;\n","protected":false},"author":2,"featured_media":323963,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[49,50,51,47,52,48],"class_list":["post-323962","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/323962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=323962"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/323962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/323963"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=323962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=323962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=323962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}