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508 Regulator to lift contactless payments limit

UK Tech News
Oscar Hornstein @ UK Tech News 2 place · today 06:00 EDT

Regulator to lift contactless payments limit

Existing limits on contactless payments could be raised or removed entirely, the UK’s financial watchdog has confirmed. The Financial Conduct Authority (FCA) has announced that banks and payment providers that demonstrate strong fraud controls will be allowed to set their own limit for contactless payments, giving way to greater flexibility in responding to consumer demands. ...

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