Govt fights back against contactless payment fraud

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Uploaded by on Aug 28, 2009

A new set of guidelines have been agreed between the mobile and banking industries which will help fight contactless payment fraud

Providers will have to ensure phones and cards which are lost or stolen are disabled quickly and also design the device so a PIN is needed for several transactions are made in a row.

Any purchases over ten pounds will also need PIN verification, under the new rules.

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