Why contactless cards haven’t caught on in the U.S. | CNBC Reports

[@martinwelsh958]

I use contactless payments so much here in Australia that I occasionally forget my card pin.

[@mrkoala5127]

Fucking oath mate.

[@haloharry97]

Yep same here in the UK.

[@isaacannanjr2371]

Yeah same here ever since I’ve been living in OZ for the past 2 1/2 years I’ve noticed that as an American expat

[@motherintoronto]

I've never been a fan of carrying cash. I can't remember when we started using tap payments. I think chip and pin was late 90's? I don't remember to tap with my phone, but I do buy tickets (like for the cinemas) on my phone as I head out and order food and coffee so it's all ready when I get there. I don't want to get queue. I prefer to have everything sorted out before I get there and grab and go. Moneywise, it feels like going back to the 2000's when I'm in the US.

[@jokerface20]

Saammmeee

[@fotiostsiakiris8225]

said the americans are afraid of contactless but they walk around with a black amex without a pin

[@pennylane36]

Fotografic doesn't really matter if you use a card with a pin, crooks steal your PIN number via skimmers they put in gas pumps to steal your info and make cards with little card makers right in the back seat of their cars then steal your money I only buy gas at 1 place and run my card as credit. If I don't use a pin it asks for my zip code.

[@joebowden4065]

pennylane36 well if they’re all as insecure as each other then surely the easiest system makes most sense?

[@Cre8Lounge]

Amex ?

[@krashd]

@@pennylane36 You can steal the account number to duplicate a card using a skimmer, but not the pin, they have to watch you input the pin to get that number as it is contained nowhere within the card, only in the bank.

[@ReedoTV]

Actually the Pin can be verified on device, without any connection to the bank. But there is no way to convert the "verification code" back into a PIN.

[@emmett3067]

Anyone who has ever visited the US will quickly figure out they're 5-10 years behind on many things.

[@FirstNameLastName-wt5to]

Emmett Like what?

[@worrywart1311]

@@FirstNameLastName-wt5to Understanding a leader should be intelligent, empathetic and competent.

[@Garybell09]

Worrywart have you seen the leaders of the uk? Lmao

[@emmett3067]

@@FirstNameLastName-wt5to The banking system for a start. I haven't written a check (cheque) in more than 20 years. Mobile 4G speeds and coverage. Lets not get started on Universal Healthcare!

[@randomguy5862]

Your not wrong and yes I am an American

[@JCooK2007]

Last time I was in California, they asked me to sign for a bill at dinner and I laughed. It's been over 10 years since. Even all over Europe it's contactless. Downtown SF, in the same state that pretty much invented this technology and it hasn't even caught on...crazyness.

[@Bunnyroo7]

Yeah, okay. Depending on the bank, you sometimes still have to sign when using a foreign card in the UK. For example, using a French bank card for a purchase of over £30 requires a signature. Using a North American bank card in the UK will require a PIN for a smaller purchase and a signature for a larger. You also need to use a PIN for anything over £30. After so many transactions, many banks require you to use a PIN to ensure that the card is being used by the owner.

[@XDdu73]

Bunnyroo7 depends on your bank as well. I used my french bank card all the time in the uk and never had to sign for anything

[@cooldudeyo06]

Are you better than us then?

[@JCooK2007]

@@cooldudeyo06 everyone is

[@nzletterbox]

USA still use cheques 🤣

[@Dragondude2525]

I love that being a Canadian, when I visited California and I was in Los Angeles, I go to pay for a pretzel and see the little light light up on the card reader so I instinctively tap my card and the payment was approved just fine, but the girl behind the counter was dumbfounded and confused. She then claimed that I needed to “pay properly” and I showed her on my banking app on my phone that I did in fact pay for this purchase and she was so confused that my account updated instantly. She had to call her manager to come out and confirm it was all fine. Haha

[@CT-vm4gf]

Haha, only in America.

[@canuck21]

America, so advanced and so backward at the same time.

[@nutyyyy]

Honestly when Americans come into the whisky shop I work at here in Scotland I always politely steer them towards using contactless because sometimes they don't even realise their card has it. If they don't then it's a rigmarole of signing receipts and checking IDs because their cards are never signed. Just an interesting little cultural and technological difference. Although sometimes I mistake a Canadian for an American and they use their chip and pin, which is always a relief.

[@lsche35]

Basically everything is contactless in Australia lol

[@Muckydoggy1]

No it's not. I went to OZ last year and I couldn't get a train journey with contactless. In the UK, I can travel from London to Reading using just my card.

[@lsche35]

Muckydoggy1 that is true, but almost all businesses offer contactless, especially in the big cities.

[@Sam-vy8ye]

Sydney and Melbourne public transport are now accepting Google and Samsung pay at the ticket barriers.

[@deanl4575]

Schismatic Sci Sydney has contactless and Apple Pay as well for public transport.

[@mattwalsh9322]

One word: tipping. An old, outdated phenomenon that the US clings to.

[@debbielough7754]

You can tip in the UK (it's illegal to require it, it's optional), but if you want to add a top on top of a bill, you just tell the person serving you to increase the payment amount. Not common under the £30 limit though.

[@telectronix1368]

@Matt - you mean "not paying staff a living wage and staff having to hope for extra money from customers". And you can in fact add tips when you pay for a meal etc.

[@alexander9703]

You can tip with contactless, they hand you the card machine asks of you want to tip and how much. I tip in the UK for good service, not just for service. It's not as if we tip retail assistants (on the same wage) at all, even if they give excellent service, so why should waiting staff get it for just doing their job.

[@Ludovids]

T Electronix staff’s wages are really poor over in the us, so they rely heavily on tips. people aren’t really used to tipping in the uk/the rest of europe as far as i know(or at least tipping a lot) because increased staff wages means that they don’t rely on tips to live off of- it’s seen more as a small appreciative gesture one makes if the service was particularly good

[@telectronix1368]

@@Ludovids "people aren't really used to tipping in the uk/rest of Europe" Well that's not true at all but, outside of the US, there is a greater expectation and instance of employers actually paying their staff enough to live on so the tips are a way to show appreciation for better-than-just-getting-the-job-done work.

[@Drenwickification]

The London Underground had contactless MUCH earlier than 2014. It was about 2003. I think you’re referring to when they started accepting any contactless bank card. But they had contactless payments long before this with the Oyster card.

[@simonweekes3068]

Yes. And the first contactless Barclaycard credit card was a co-branded Oystercard. This was in 2007. Edit: it launched in September 2007, and was called 'Barclaycard OnePulse'.

[@EverintheRising]

I literally never thought I would hear the words "cash is king" in reference to American payment methods.

[@darrenwoloshyn]

In Canada contactless is everywhere besides Walmart

[@TheKdcool]

I know right, also hair salon and bars are the only places I still need cash

[@MrMywonderworld910]

Kevin Deschênes even most bars/clubs in uk take contactless. some chain pubs and clubs have apps as well that u can just order stuff from there.

[@MrMywonderworld910]

and can pay using ur phone

[@justintyler3977]

In Canada you can withdraw money from atm by just tapping your card.

[@Zacens]

Kevin Deschênes all bars and hair salons I’ve been to take tap (contactless)

[@2xsarge]

My dad bought me shoes in Florida (I’m from Canada). The guy told him to put his chip in, he tapped and it went through, guy went bonkers about it

[@Pippinn13]

Lol

[@eleo_b]

2xsarge | but contactless is only up to €25 here in the Netherlands and you do have to put your pin in after X number of small transactions

[@Krshna28]

@@eleo_b Does that rule apply for phones? Here in UK there is no limit with phones but £30 with cards.

[@eleo_b]

Krshna28 | oh, I don’t know. I don’t use paying with my phone myself. The idea of holding my phone against all sorts of things in public and the next moment putting it against my face to call doesn’t appeal to me. I would think there’s a limit too? Otherwise people can clear your bank account when they find your phone?

[@eleo_b]

Krshna28 | by the way, apparently the maximum amount for contactless by card is now €50 instead of €25 here. I had no idea.

[@Lazy2332]

It’s actually very irritating here in the US when I see the contactless icon on a gas pump, POS, etc. and it doesn’t work or they have blocked certain payment platforms so they can use their own(for example Walmart).

[@Asterius_101]

It's also a rural vs Urban thing. I live in Houston and use my phone for contactless and most retailers take it. But, if I'm traveling and go to the rural parts of the country, I can usually only use card or maybe even just cash.

[@nickwoodward819]

but then why's it not rural vs urban in the uk?

[@srccar]

nick woodward the US has an enormous amount of rural compared to the UK’s urban/rural

[@Connoratess]

srccar not really, in America the rural areas are bigger than in the U.K., but so are the cities, so proportionality they're quite comparable.

[@contrasbeatshop]

h town represent

[@cutienerdgirl]

@@Connoratess That's what he just said, the U.K. has more people packed in a small place whilst America has a lot of rural towns.

[@morningbetterlast]

Rarely use cash in Russia, never use anything rather than contactless while not using cash. Had alot of issues with both my Visa and Mastercard while in USA, they just don't work sometimes. While in Memphis Pyramid a cashier has asked me where I am from when the card had bounced and I'm like "Moskau". Her reaction "Oh, that's in Ohio, quite far away, sir!"

[@Leonardo-ik9fx]

Lol

[@SNSDausPNOY01]

I always pay by payWave here in Australia. 98% of the time I just use my phone to pay so and I don’t bring around my physical wallet often. Travelled to the U.S. for the first time a few months ago and quickly realised it is not the same set up as it is in Australia. The first thing I had to pay something when I landed I said “card please” and whipped out my phone and hovered it around the card machine trying to find the tap logo. The server laughed and said “you have to insert your card in there...” awkwardly scrambled to find my wallet and pull out my card. The whole trip I didn’t payWave at all.. I was so confused ...

[@urielrodriguez6925]

Now a year later almost every place accepts paywave and it took having a pandemic to occur to make businesses want to implement contactless payment technology.

[@Rachel-cb2zi]

I'd never even encountered Chip and Sign or Swipe and Sign until I went to the US. In Canada, it's pretty much exclusively Chip and PIN or Tap, and I can't remember the last time I paid for something under $50 without Tap.

[@Dmittry]

In Russia new cards are contactless. And it's just a matter of time while they replace old type cards (2-3 years).

[@tezzingtonsir28]

Russia sucks!!!

[@Bad-Squishy]

We've had chip in Canada for more than a decade and tap for almost half as long. Much like the UK, we have a national debit system at all banks must use.

[@motherintoronto]

Since the late 90's in Canada. My first bank card when I moved to Canada the first time was a chip and pin. 20 years already. I used cash more often as a child than I've used it as an adult.

[@j2174]

I think your timeline is a bit wrong..it's been longer for both in Canada

[@Bad-Squishy]

While chip may have been on the random card it wasn't wide spread until 2008/2009. It wasn't mandatory until 2010. I worked in retail when it all started. As for interact it's been around since before I was born (80's) and you've always required a pin for debit transactions.

[@monkiram]

I'm Canadian, and most of our cards have contactless capabilities as well. Whenever I'm in the US, I see that many machines have the contactless symbol but usually when I try to pay by tapping my card, it doesn't go through

[@FatGuyInaTruck]

Of course you Canadians have the wireless card readers too. America can't even embrace THAT, much less contactless cards

[@monkiram]

@@dogoodforothers8957 And yet you probably have Apple Pay on your phone which is exactly the same thing. And probably give location permissions to facebook and every other kind of social media app but go off I guess?

[@Desperoro]

I use contactless payments about 9 years. Greetings from Czechia.

[@AngryAnt0]

I remember paying for something at a Walmart in 2014/15 and I was their very first customer to use the chip payment, they said it had only been installed that day and they were still unsure it was safe. I couldn't believe it as we've been using chip and pin for 10+ years in the UK.

[@ejcmoorhouse]

I've only ever had to sign once for paying by card in the UK, I went into to TESCO one day to find their chip and pin machines weren't working.

[@kheepur]

Weird that Google Pay wasn't mentioned. 🤷‍♂️

[@binksee]

Probably larger than Apple pay realistically

[@jameul363]

Jarlath Mc Donnell Apple pay is used all over the UK, since (surprise) every one basically owns an iPhone except the hipsters

[@binksee]

@@jameul363 what are you even talking about, iPhones barely make up 15% of smartphones

[@binksee]

@@jameul363 muppet

[@ml8018]

@@binksee it's 50% of the UK smartphone market. And wealthy areas overwhelming use iPhones

[@arrjay2410]

I used to work for Credit Card processor in Canada with U.S. operations. There was actual resistance to chip and pin when it was introduced in the U.S.. We had people actually refusing to use it even when they had cards and machines capable of using it. Tap-n-Go (as it's called in Canada) seemed to horrify them. I used to shame them by explaining that the U.S. was the last country in the world to adopt the technology. They were even in use in Mexico, before the U.S..

[@JP_Lopez_]

Oh yeah, in Mexico we love the tech here.

[@roberth1328]

I live in Australia and I cannot even imagine going back to inserting the card. Contactless is everywhere and extremely convenient.

[@joeylaird77]

Always finding paying on the US so difficult. Chip in some places, signing in others, even ID in others......

[@gorak9000]

I moved to the US from Canada in 2015, and contactless was big in Canada for 2 or 3 years already at that point. They had adjusted the limit for no pin with tap to about $100, good enough to buy weekly groceries just by holding your wallet up to the machine. It was great, and fast. My first cards in the US didn't even have chip! Magstripe only. It felt like going back in time 10 or 15 years!

[@nutyyyy]

Honestly the lack of chip and pin, which is like 20 years old in the UK is baffling.

[@blueutopia88]

The irony that the top three credit card networks world-wide are American isn't lost on me at all

[@Blessindisguise]

"Samsung Pay" has easily been my favorite payment method. It's more versatile than anything out there.

[@dojokonojo]

Many shops here in the US didn't even have functioning chip readers up to until a few years ago.

[@AlienRider123]

dojokonojo I’m from the UK and I forgot actual money existed until I clicked on this video. I haven’t seen or handled any money for years and years now and also havnt used chip and pin in years (I have no idea what my pin actually is)

[@NathGraphics]

AlienRider do you just not buy anything above £30?

[@motherintoronto]

@@NathGraphics Sainsbury, Ikea etc... a lot of shops allow contactless above £30. At least in the Southeast in my experience. I find more expensive items I typically buy online and are delivered to my home.

[@AlienRider123]

When I am actually buying something of some importance I buy it from amazon and get it the next day. This is because it is cheaper and easier (just a few clicks)

[@AlienRider123]

Nath actually sometimes I get it delivered in a few hours coz I live just in London

[@MrRandomdancer]

I was in the US in 2012 and was using an international MasterCard currency card with chip and pin as well as contactless. Every place I used it in people asked what the chip was and what the WiFi symbol means. Blew their mind to learn it was commonplace in the UK.

[@vaudevillian7]

Matthew Allen I used my contactless without thinking about it in the US when I saw the symbol on the handset, the staff looked at my like I’d performed magic (after starting to say ‘no you have to put the card in...’)

[@nutyyyy]

​@@vaudevillian7It's funny because they still treat it like magic half the time now in 2023. Asking half the American tourists to tap their card and they flail it at the machine and pull it away as fast as possible as though it's going to steal it. I always explain the process very calmly in detail i.e hold the card over the screen until it beeps, once you see the price and contactless symbol appear. But even then it's still baffling and scary for them.

[@RaspberryCai]

I use contactless quite a bit but I prefer physical cash as it gives you more of an incentive to save money when you see it as a tactile, real object.

[@Theresabrown1805]

Like you I much prefer to use cash I know where I am with it how much I can spend with card payments I'm almost tempted to mad and over spend. I only use my card maybe twice a month to pay for something. For me cash will always be king.

[@RaspberryCai]

@@goodcat1982 well evidently yours doesn't by that shite spelling. And no, physical money gives you something tangable and you can physically see how much you're spending, which contactless doesn't do. Physically handing money over VS putting a plastic card on a screen for half a second. It actually makes loads of sense that physical money would allow for better budgeting.

[@RaspberryCai]

@@goodcat1982 you're incorrect about your sweeping "most people" claim. From an NBC article: In behavioral economics, it’s an idea called “pain of paying” - because human beings are loss averse, spending money is painful. But if you’re paying with a credit card, that pain isn’t felt right away - it’s delayed to a later date. With cash, however, the pain of parting with one’s money is felt immediately. In addition, the article states that on average, "Cash users were 82 percent better at recalling aspects related to an items cost than credit card users" You're in the minority, not the majority, and your claim is wrong.

[@vanhamgee]

You didn’t mention that the maximum spend on contactless in U.K. is £30.00. Probably that cap on the limit of spend in US is a waste of everybody’s time over there.

[@UserWalterbe]

For so far the implementation in the UK is the same as in Belgium, that is not true. Yes, there is a limit amount you can pay without PIN , swipe only. For me it is 25 euro. But that does not mean you can not swipe for larger amounts. The only difference is that then you also need to enter the PIN. So swipe and insert PIN if asked.

[@tmanepic]

@@UserWalterbe In the US we don't even have PIN's for credit cards, and there's no limit to what you can charge to the card. I bought a used car with my credit card once.

[@shaunjenks5768]

yes in the UK there is a limit of 30 pounds on contactless cards, however there is no limit when using Pay or google Pay. Thats because when you use these services you have to authenticate the transaction through Touch ID or Face ID before the transaction is authorised by the Merchant.

[@spencerwilton5831]

tmanepic you miss the point. There is no limit here to what you can spend on your card, but if you pay contactless it's £30. For a larger purchase you have to enter your pin. Contactless is for the dozens of small transactions we make each week- buying a coffee, lunch, a drink etc. If we want to buy a TV then you have to use a pin. If your card is stolen, the bank will refund you any small transactions made using contactless, but obviously they will not risk limitless amounts. £30 covers the vast majority of purchases.

[@fredericb.4426]

In Canada, the limit for contactless is usually 100$, except for Costco, where it's 200$

[@inodesnet]

After spending so much time in the UK, Australia and the US I've always wondered this. The UK was among the first to introduce chip cards. Both the UK and Australia have pushed against signatures for security, although for users that require signatures for a particular reason (i.e. not able to use PIN due to for example a disability), special ‘PIN suppressed’ cards may be ordered. A study in Australia recently found that 98% of all purchases made at fast food restaurants were contactless. The uptake in Australia has been among the fastest. This is really assisted by the banking sector typically getting onboard consistent system changes quickly. This also carries over to things such a bill payments and more recently, direct bank to bank transfers that are using a single, consistent system that also does not charge. The ease, security and speed of these payments also means that cheques for large and trusted transfers have been redundant for several decades. Ask anyone under 20 what a cheque is, and they'll shrug. When I head to the US, it feels seriously like 1999 with limited internet banking functionality, inconsistent vendor payment systems (tap, or chip or swipe rather than all of them available on every machine), and terrible to understand bank to bank transfers. It's the systems in the US that have led to Paypal and Venmo.

[@Riku-zv5dk]

This seems about right, as an Aussie there are two things I use cash or insert Eftpos for. My rent (Cash) and shopping (insert Eftpos, only because the machines they got are subpar and don't register my banks tap, oddly my bank and the eftpos bank are one in the same) outside that it is tap and go for me. And everyone else my age or younger, all use tap in some form. There are older people that still don't trust tap but even many of them use it where I live.

[@inodesnet]

​@@Riku-zv5dk I think I've taken out cash 3 times this year. Twice in Japan. Once in the US. Back in Australia, it's never required. Interesting to see the South Korea statistics in the research attached to this video (the full pdf is available). It showed that Australia was the fastest adopting country, but South Korea caught up quickly late. I find it interesting because I find South Korea and Japan very similar in terms of culture (I travel between them regularly). But Japan (as backed up by the stats), is a cash country. If one thought the US was years behind in card payment technologies, then Japan is even further behind. They're a cash country, and like it that way. Japan have a flatlined economy for the past near 30 years (yes, roughly the same length of time Australia has maintained their world record economic growth without recession). Interest rates are basically nothing. But I think cards are associated with credit cards. Japanese generally don't believe in using credit that much (if you can't afford it, then you probably shouldn't buy it). In that respect, I think not accessing cards, and therefore contactless payments go hand in hand. But the reverse is true of the US. *shrug*

[@tomokh2]

@@inodesnet True. Cash is king in Japan, but when I was in Japan in late December, I barely had to use my yen except to insert it into the train station ticket machines and yen - gift card exchange machine. Why? Because, I kept using the Pasmo and SUICA IC cards at almost every business I've been to in Tokyo. I rarely had to whip out my wallet. Japan's IC cards can be tapped at every train station, vending machine, convenient stores, and various non-mom + pop/small businesses. I was hooked. Upon my return to the US, my anticipation for NYC's newest MTA smart card keeps growing. Installed Google Wallet on my phone and got a new contactless credit card. I think I'm all set for the future, and hope that more Americans start to warm up to the contactless system.

[@inodesnet]

@@tomokh2 very true. And better still that common sense ensured that all the IC systems (however independent they are), must support each others cards. Technically though, an IC card is still representative of cash. You need to move cash from a form to the IC card (rather than credit). I am currently in Japan this month and almost immediately load up my over decade old Suica (I am expecting an expiry, but has not occurred), knowing that it will be superior to cash. This also frees me from the annoyance of the midway tax move from 5% to 10%, which has caused some retailers to use a non tax included price, and charge tax at the register. This was never the case. Japan like almost every other advanced country (US is an obvious exception), has tax inclusive prices. Tax exclusive prices leads to a LOT of small coins. A week in Japan or a day in the US will lead to as much coin collection as I'll get in Australia over two years. It's painful!!

[@tomokh2]

@@inodesnet Yeah. Very very true. (Hehe. :D) The IC cards rely on cash to be used. Thus, cash is still king even on a contactless non-bank tied debit card. Your final two paragraphs were interesting to me. I've made several purchases in that country over the years (---mostly lay-overs, but I've visited Japan two times prior to my December trip---) that I never noticed Japan practiced that with their taxes. Pre-December, I've been paying with yen bills and coins for all those past visits. (I still have remaining yen in both of my cards. I'll also be back to Japan, in October, for lay-overs. Looking forward to more card tapping fun. :D :D) Well, thanks for this brief Japan trivia. :D *thumbs up* Enjoy the rest of your time in Japan, whether for pleasure or business.

[@NathanChisholm041]

Same here in Australia! In fact Australia has the highest cardless payment usage in the world.

[@HazmanFTW]

I thought everywhere used paywave/contactless cards these days. I live in New Zealand and everywhere basically has contactless payments

[@oldtimefarmboy617]

Contactless cards. So I can get your card somehow, go to all of my favorite retailers, buy whatever I want on your dime, never have to do anything to prove I am you, leave you responsible for the bill and to clear up the mess afterward. Can't see why everybody would not love that.

[@idontknow.2387]

Old Time Farm Boy someone doesn’t understand

[@oldtimefarmboy617]

@@idontknow.2387 When you pay with cash, there is a 100% probability that no one can get your personal information through a hack, empty your bank account, max out your card account and mess up your financial reputation.

[@roxcyn]

In US, a lot of our credit cards are contactless such as American Express, and Capital One. None of my debit cards have it. You can add the cards in Apple Pay, Samsung Pay (etc) so they become contactless via your smart phone.

[@kipling1957]

Americans are conservative about most things, which is why they still measure weight in pounds and liquid volume in gallons. I lived there in the late 90s and was shocked that paper checks were still being used routinely for rent and utilities-they were a requirement in fact. I hadn’t paid a monthly bill in the UK for around 10 years as we had direct debit arrangements with the banks. Never had to think about it. Most of Europe had this financial system established since the 80s. When I suggested this as a payment method for regular bills I might as well have been talking Martian. I can still remember the tedium of writing 12 post-dated checks every year to the landlord. So none of this comes as a surprise. And my guess is that the paper check culture still persists.

[@jwb52z9]

I can't believe anyone in America actually let you write a post dated check, ever.

[@kipling1957]

@@jwb52z9 Yup. It was standard practice if you wanted to rent an apartment in 1998. 12 post-dated cheques every year from the date of the tenancy agreement if you wanted to go forward with the rental. Believe me, I spoke to a lot of property management companies after I arrived in Pittsburgh. Slept on my new boss's couch for 2 months while I looked for a suitable place. It was normal practice. I guess things have changed since then.

[@Daniel-wx3qn]

They still use checks, and money orders that sounds like a medieval payment method. I used to live in Brasil and most people never used a check in their lifes.

[@kipling1957]

daniel g guardabassio Wow!

[@AffeAffelinTV]

**Germany enters the chat** **pays cash**

[@Horizon301.]

You have more rights by using a card. Makes more sense to just use one

[@TheRacerRich]

@@Horizon301. lots of places in Germany are cash only.

[@Horizon301.]

TheRacerRich that odd. Certainly not in the UK, some people don’t carry any cash with them at all. Smaller businesses may not use card technology but that’s about it.

[@srccar]

Looks to me like the Germans are being smart

[@TheRacerRich]

@@Horizon301. I only know it because I am traveling there and noticing how many of the restaurants I want to go to are cash only. I'm glad I checked because I would have assumed I could charge anywhere. In the US, anybody under about 35 never uses cash, though people above 35 seem to use it a lot. I (33) don't carry cash, nor does my girlfriend or any of the younger people in my office, but the older people all do. The one caveat to this is in San Francisco (California) there are parts where the shops and restaurants don't take card payment, and this really threw me off because I had never encountered that in my entire life on the east coast of the USA and I had literally ridden across the entire country without needing cash.

[@tibchy144]

Contactless cards were pushed by the banks in the EU, people didn't want them, in case of theft or fraud the owner of the card bears risk and responsibility but it's cheaper for the banks.. however, not all banks did this

[@tibchy144]

@ 0:49 "it's much easier to coordinate change for the industry in the uk"... translation: it's much easier to make a cartel agreement

[@spacewormie1e]

US is still using Gallon, Mile and Fahrenheit, what do you expect?

[@driver13g27]

Regarding security of contactless cards, there are ways to deal with it - for example, wrappers in check card format that don't let any form of signal through. For German ID cards, which have been given an online function recently, there are cases like that & if you're afraid that someone is gonna touch your pocket with his card reader to commit fraud with your identity, that's the way to deal with it (or let the function be turned off entirely, but that limits your flexibility in usage)

[@starventure]

Highway Pro So, the card is contactless but requires an radio frequency condom to stop it from being used maliciously? If this is true...thanks, but no thanks. We will stick with what we have in the States. Swipe smile and sign has a superior record of stopping the bad guys from getting in and capturing them if they do.

[@weeurey]

@@starventure I'm in the UK and I've never ever seen anyone in person that has actually been the victim of this type of fraud so I have serious doubt about how often it actually happens. Plus many wallets that are available have RFID blocking built into them

[@sgthree]

@@starventure You can get RFID safe wallets that prevent transmission for the price of a regular wallet, so no issues there. I was amazed when I was in the USA (albeit some time ago now) how backward payment was then, pre-contactless days because you still had to sign a screen for transactions rather than using Chip and Pin which had been very commonplace in the UK for years by then. Joke is, the signature could not be checked against anything at the time to authenticate the transaction, since my UK bank did not have a digital copy of my signature (which varies slightly every time anyway). How do I know there was no record? I worked for my UK Bank!

[@starventure]

@@sgthree Why should someone have to get a RFID safe wallet? Just get rid of RFID. American groceries used it on stocking systems for a while but it proved to be so error prone that they abandoned it. They went back to scanning instead. Sorry, but RFID just seems to more trouble than it is worth.

[@sgthree]

@@starventure It's called progress. The rest of the world has moved with it, which says a lot about the success of the system. Don't get me wrong, I love the USA, but sometimes parts of the attitude there is so backward, and the rest of the world are literally laughing it.

[@Clark-Mills]

Here in New Zealand there's been a push by the banks to use contactless cards. Our current system, EftPOS, is free bar a tiny transaction charge to the retailer (fixed, say $0.10). The problem is that the new system they are forcing upon us is linked through credit card companies and charges the retailer 2-3% of the transaction amount; great for the banks. While you might say "It's the retailers problem", the thing is that at the end of the day that cost will be borne by the customer as the retailer adjusts their prices for this.

[@remanuel8396]

Really? Sucks to be a Kiwi then. Join your brothers here in Australia and you don't get any fees like that except for Amex and a couple of others - most major banks, including ANZ don't have the fees for contactless purchases you're talking about

[@garynarborough]

Hi Clark, Iived in NZ all my life and remember EFTPOS and debit cards didn't exist. Neither was there a transaction charges. I live in the UK now and am using cash when I come back to visit later this year. I've heard a lot of people having problems using foreign debit and credit cards. It's not the country I left sadly.

[@Clark-Mills]

@@bigweka You are correct that the retailer pays the fee (lets say 2%). But the retailer is going to tweak their pricing to recoup that money so in the end we the customers pay for the banks clever tricks.

[@jessiegenomics]

I worked in a gift shop in London, and was so funny when Americans had to chip and sign- like why don't you have pins? The signature is so insecure, easy to fake, and loads of people don't even sign their cards. Also worth nothing contactless can only be used in UK for less than £30 (and the bank protects these payments), otherwise got to use the pin.

[@Nexus9118]

You just explained why we don't have pins.

[@liteoner]

Or you can use Apple/Google Pay without limit

[@TjPhysicist]

FYI: the thing about contactless payment, is not using a card, but using your PHONE. which is INFINITELY more secure than ANY card will EVER be. A phone is always locked, and MUCH harder to steal and break into (tracking etc) for one.

[@Pumpkinhead77]

The problem is when your phone battery dies. I don't want to carry my phone everywhere anyway. Carrying a card is easier.

[@Mythicaa]

My bank brought out a payment ring. It's on my finger. No battery needed. Designed for contactless payment.

[@JamSanJose1]

Maybe it's just me, but using cash helps me control how much I spend. I take out 100.00 and when it's gone I know I spent that much. Using a card, contactless or with a chip or whatever, is more work to keep track of.

[@cmykimberly]

Yeah i agree there, but if you have online banking you can keep track of where they money went. When you use cash you have to take a mental note, write it down or keep all your receipts.

[@lmaoroflcopter]

You can also use top up cards for this.

[@jayturner5242]

You can use banks such as Monzo and Starling in the UK which allow you to set a monthly budget

[@magburner]

It is not so much about knowing how much you have spent, but when the payments go out of your accouny. ASDA petrol takes the money straight away, but go to the supermarket attached to the same petrol station, and the payments can take upto three working days to go through...

[@jayturner5242]

@@magburner yep. That's a pain. Banks like Monzo and Starling show the payment on your account right away though

[@marcuslen24]

Australia is amazing at this. In Sydney with our "Opal" contactless card for public transport, they've now introduce where you can literally use any contactless debit or credit card for paying instead of a dedicated Opal card. And in Hobart, every Salamanca market stall has a contactless card reader.

[@-_James_-]

In Norway, I just use an app on my phone to buy all the transport tickets I need. Single tickets, 24-hour, 30-day... they're all available. Recently they've been removing a lot of the ticket validation machines from stations - nobody uses them and they just slow down people entering and exiting stations. Ticket inspectors periodically jump on and off trains, trams, buses, etc for spot checks, but mostly the only person who ever sees my ticket is me and the (out-of-town) bus drivers I wave it at when I'm getting on. In fact, the only time I need to swipe my bank card for a train ticket is on the Oslo airport express train.

[@MetriKKarMa]

Myki is now over google pay in Vic. So great don't even need to carry a card now.

[@alexojideagu]

London has had this since 2014 you can use Debit cards and credit cards on buses and trains as well as Oyster Cards.

[@theotherside931]

*Yeah, China uses it too. But sure, anytime US is behind on anything, they always find a classy defense to bring up. With such huge land mass, that's the only developed country with huge economy without a bullet train system. China have tonnes of planes too but that didn't stop them from investing in such train system but US will use availability of planes as excuses.* *As an Africa, I have to say that US is almost at the same developmental level as us. Except of cause when it comes to warfare.*

[@Sanjeet_28]

The Other Side *Why So Much Bold?* , I agree with you

[@theotherside931]

@@Sanjeet_28 *Cause I can.*

[@fil_britbunnyboi872]

@@theotherside931 legend!

[@aashaytambi3268]

I don't think you understand that China and the US are very different. Mainly because one is communist and the other is capitalism. China can go fund the projects that the us can not.

[@RuilinLinRyan]

Chinese gvmt sponsored comment detected lmao

[@nekogod]

The only real disadvantage for contactless is that there is no blocker if the card is stolen. The theif doesn't need your pin or anything to start spending your money. There are however some measures in place to mitigate this. For example there is (in the UK at least) a cap of £30 in any one transaction and from September 2019 there will be a daily cap of £132 (€150) as well as a pin requirement after 5 contactless payments in a row. Which should minimise losses and fraud.

[@wendysremix]

When this video was made I had no contactless cards. Now all my debit and credit cards have it.

[@TheUnlimited001]

This is basically filler/fake news. America has had contactless cards for over 15 years. After Target got hacked a lot of the banks pulled back on contactless cards temporarily because there were security issues with them. I used to pay for gas at the Mobil station with a contactless Mobil wand until Mobil discontinued it due to security issues. Apple Pay and Samsung pay are accepted everywhere I go. America likes security and that’s why cash is king. Cash cannot be tracked.

[@sallyhanson690]

When I clicked I thought this was a Canadian video because we’ve been doing contactless payments for a while now

[@jvyeknom]

I like contactless pay but cash should always be an option.

[@Nishith8]

Cash is always an option

[@jvyeknom]

@@Nishith8 For now it is

[@spencerwilton5831]

Nishith Joshi not always. There are a handful of card only businesses- mainly food and drink related. It saves them the time and expense of handling cash, I think we will see it increasingly especially in places dealing in high volume, low value retailers like coffee shops, pubs etc.

[@csmlyly5736]

Only problem with that is small business owners also have a nasty tendency of skimming tips out of card tips or just never presenting the customer with the option. I like to use cash so I can guarantee the employees get the tip without their boss fucking them over even more.

[@hoixthegreat8359]

@@spencerwilton5831 a lot of countries have laws which guarantee that companies have to accept cash. The UK isn't one of those countries but iirc Canada is.

[@pallasathena1555]

I sometimes only go out with just my phone, even to the pub on a Sunday afternoon. Love contactless😊

[@JRCarReviews]

Germany is same as US. In Croatia most people use contactless.

[@Mari-gk5vk]

I live in Canada and when an establishment doesn’t have tap I kind of roll my eyes lol!

[@srccar]

I work in an establishment and when people are making a two dollar transaction and take out their card, I roll my eyes. Why don’t people see that having a paper trail for every dollar spent is only good for the banks and government. As well as, for every dollar spent on a card or tap instead of cash, the banks make even more on their fees. Those fees are passed on to us

[@AoSFreaKz]

@@srccar pay off your entire balance at the end of the month, no fees..

[@srccar]

Thebigdady I’m talking about the fee that the business pays the banks

[@mrkoala5127]

I work in retail in Australia and my estimate is that about 99% of card transactions are done by tap.

[@oamac]

As someone who works in a supermarket in Australia, we’re able to serve a lot more customers with contactless payments. People using cash, especially when it’s busy, just become inconvenient to deal with. Makes me glad we got rid of the penny! That’s something the UK, EU and US still need to catch up on.

[@FranciscoGarcia-bf5rp]

Contactless cards eliminate the pain centers in your brain that spending cash initiates, thus causing overspending. In a world of bad financial literacy and debt we need to rethink the importance of cash spending. I use cash for literally everything unless paying online. Read Dave Ramsey.

[@DylanM15]

I like a lot of Ramsey’s stuff but in a technological world of today it’s going to be hard to get a lot of people under 30 to stick with cash. As somebody in that age group though I’ve used it to my advantage to use tech to balance my spending super efficiently. I have savings diversified and keep my budget planned out at least 2-3 months ahead of where I am now. While cashless does increase impulse buying that’s also just the world of today in general, instant satisfaction, right now, and no second thoughts or planning out. I think Ramsey’s methods will have to adapt to that to be effective for many going forward.

[@dolbyvixen]

I've been using contactless payments for about 9 years here in Canada. It baffles me when I go to the US and they barely even have chip readers (looking at you, restaurant industry, taking my card away!)

[@greenspittgames7374]

In Australia it’s just called “pay wave” and it’s absolutely everywhere

[@liteoner]

GreenSpitt Games Pay Wave is just Visa’s way of saying contactless. MasterCard calls it PayPass.

[@katavia4131]

when ur student id has more swag than your wells fargo debit card 😂

[@urbanistgod]

I was in Chicago at Mcdonald’s in an airport and the girl was surprised that I can pay just with a tap. This and things like the fact that we use the metric system and that we have normal LTE speeds (the U.S is like a third world country) is the reason why I’m happy to live in a modern country in Canada.

[@NikkyElso]

As someone who tries to use Samsung pay for as many transactions as possible, I am astonished how many cashiers try to jump on the "we dont take mobile payments yet" of course they dont generally have the time to say it before the transaction goes through. Although Walmart's pay station is particularly slow for some reason. I'm also amused at the dirty looks I generally get from many cashiers as well for using a safer and more secure way of using my credit cards.

[@jonorenton]

So surprised they’ve still not reached America - I’ve had contactless cards since 2007, whilst it took a year or so until shops in the Uk started to adopt it (Pret A Manger being one of the first that I can remember in 2007-2008) I just can’t believe it’s not more mainstream 12 years later in the U.S

[@mika2666]

you have to SIGN something when you buy something? LMAO

[@grape1829]

When I was in Korea in the early 2000s, contactless payment for buses and subways were already being rolled out. Anyone that didn't catch on within a year or so was old and/or behind the times. When I was there last year, even the old and behind the times people were using contactless cards for public transportation. The only ones not using them were the freaks and the occasional clueless tourist. Not a lot of people used contactless for shopping, though, simply because all the cashiers were so fast and cards took 1 second to get authorized, anyway.

[@AliasHSW]

Mumba Jumba - SK is the world lead in tech adaptations

[@garynarborough]

This was really interesting. I live in the UK where contactless is so common place. It's also in NZ where I am from. Thanks for the informative video!

[@sifskippy]

Gary N When I went to NZ paying via card was a nightmare. Granted I was travelling the south island in pretty rural country but paying with a credit card often cost extra (a few dollars!) and some places didn’t accept foreign debit cards??? I ended up paying with cash most of the time. So weird.

[@garynarborough]

@@sifskippy I am going back later this year and will only be using cash because of the problems you incurred. Contactless there is called "pay and wave" but I have heard of other people from overseas having problems. I have been away for sometime and things have changed a lot in some respects for the worst.

[@eleo_b]

Gary N | what’s the maximum amount for contactless in the U.K.? It’s €25 here in the Netherlands.

[@garynarborough]

@@eleo_b The maximum you can use on contactless is £30 then you have use your pin. About 2 years ago it was £20. Hope that helps Eleonore.

[@eleo_b]

Gary N | I just looked it up, it’s no longer €25 here, it’s raised to €50 already. I hadn’t even realised! Once you reach that, you use your pin again.

[@Lkease]

Google Pay and Apple Pay are becoming way more common in the US. I've been seeing more stores and vending machines with the RFID readers, and that led me to try out the Google Pay feature on my Pixel 2. I'm glad I did, as I use it almost anywhere I go now. Sometimes I pick certain stores/gas stations specifically because I know I don't need to bring my wallet. I never go anywhere without my phone, so why carry around a separate card?

[@jamesx2703]

Because the US accepted card payments with a signature for years after chip and pin existed? And for some reason shops in the US still accept cheques!? Mental!

[@ThePorschefan]

Finally Elizabeth is back! I love her voice

[@ftse07]

JuanFernando Gracia I bet u do

[@windskm]

I like her too!

[@theworldoverheavan560]

And her face

[@ThePorschefan]

@@theworldoverheavan560 And her smile! But hey, stay away, I saw her first

[@kevindavis8762]

0:54 Chicago CTA actually started accepting contactless in 2013, before London TFL. Why did it catch on in London but not Chicago (or any of the other US cities with Transit authorities that now accept contactless/open payments)?

[@Pippinn13]

Tfl lobbied banks to give consumers contactless cards

[@kevindavis8762]

@@Pippinn13 CTA issued contactless reloadable Mastercards at their own Ticket Vending Machines!

[@Pippinn13]

@@kevindavis8762 that sounds a lot like an oyster card, which have been around a since the early 2000's

[@kevindavis8762]

@@Pippinn13 I believe Oyster Card can only be used for fare payment. Ventra cards, in addition to being contactless, have a mag stripe and can be used anywhere Mastercard is accepted.

[@kb9858]

In South America is rare to find contactless cards. I think that the problem here is that can be dangerous. Someone can stole your card and make many purchases below 100. Sad but true

[@starventure]

Fabio K Same in the USA. However, a large difference is here is that most retailers are on the swipe and smile system, which means that even when someone steals your card and gets a few purchases in, they are photographed up close and can be apprehended very quickly.

[@turnip5359]

Does your bank not allow you to disable it?

[@HigherQualityUploads]

Only 3 years later and they're now everywhere! We've come so far. Now it's mostly just small credit unions that don't offer contactless cards.

[@MaxiPCX]

paying with visa is so good for you. Trying to pay all your bills with visa and making sure you do your monthly payments is a great way to improve / build a good credit score

[@open_world_media]

This same mentality keeps the metric system down! It's 2019 ppl!

[@open_world_media]

@B Pr we are not amused ;)

[@Dr.Druffi]

I live in Austria and contactless cards are common here but I have to say that I have to watch myself when using contactless payment too often, because you lose the reference to the amount of money! It's hard to pay 250€ for sunglasses and put these notes out of the pocket and give them out of your hands, but it's very easy just holding the card to the terminal for a second!

[@autunnu]

You usually can't pay with contactless cards above a certain treshold: ie. in UK, the limit is £30.

[@sightseeinginstyle8119]

I'm an australian, and I haven't carried cash in my wallet for years. The only time I get some cash is when I'm travelling overseas and need some foreign currency because they don't like cards!

[@mikeydurden]

Where were they talking about cash in this video?

[@nighty4]

Mikey Durden try 1:20

[@mikeydurden]

@@nighty4 And?

[@markalexander774]

There isn't really a problem with swiping or inserting a card though. It's not really a hassle. Either way you have to take it out and do something with it: The 3 more seconds that it takes to insert the card is not really a big deal and does not change the total amount of time you will be at a cashier. And the added RFID technology in the card is less secure than not having it: If all someone has to do is touch something against your pant pocket to charge your card, that is less secure. So in the end, you are not saving any time, it is less secure, and it is more expensive to implement that technology everywhere as well as being more expensive to manufacture each card. If anything, the stupid thing about the American credit card industry is that almost nobody has a pin on their card, that is something I do not understand and I do have pins on my two cards.

[@mericet39]

Last time I was in the US was 2014, and I had to sign when paying. I thought 'Awww! How quaint!'

[@jamesbcfc]

Chip and sign 😂 I'm 28 and I have never had to do that in the UK in my life 😂😂catch up America you are literally living in the 90s

[@Gos1234567]

Damn yanks,they also don’t use kettles but those old timey “stove top”whistle things,like it’s still the wild west😁

[@anthonyfn]

Surprising report. I thought most cards had the contactless feature build in. I've had mine fron TCF since 2017, although only Walgreens seems to accept it. Even when every chip readers around has the capability.

[@motherintoronto]

@watchmejumpstart Exactly.

[@Huskie]

Hong Kong's contactless octopus card has over 99% of the HK population in market share.

[@TheColinputer]

From Australia here. Ive had a card capable of contactless payments since 2011. And signing for cards here was phased out entirely few years back. Cards still have mag strips on them. But if you swipe the card on a terminal which has a chip reader it tells you to insert the card. I personally use contactless for 95% of my stuff. I have a Visa debit card so its only the few stores which charge surcharge for credit transactions but free to use savings which i actually use the chip and pin for. And most of the time now i just use my phone to pay for stuff

[@TravisNewton1]

That’s because here in the US, we don’t tell retailers they need to do something by a certain date or cut off their payments. There’s still plenty that still don’t have chip enabled and that was supposed to have been enabled by October 2016.

[@danejurus69]

Common sense and the U.S. don't mix.

[@josephang9927]

Yeah it is common sense in Europe to welcome millions who hate you because their religion.

[@TransitAndTeslas]

She’s complaining about the US about Contactless at a Walgreens....which has Contactless.

[@than217]

We can't even figure out how to make universal healthcare like ALL of those nations you mentioned already have. Let's work on that first.

[@cmykimberly]

Contactless is great, I'm in the UK and use it for 90% of my transactions. Something not included in this video is the £30 spend limit on contactless. I go to the states a few times a year and I'm always surprised because this is the one area they are actually behind on.

[@amyw6808]

With covid, that limit is now much higher at £100

[@kamberamanir1239]

And if you use mobile apps like apple pay,samsung pay they don't even have a limit,

[@Rorkazak]

I'm stunned at the ignorance of this woman. Does she know anything about the fact that fraud is widespread in the US and even chipped cards can now be duplicated ? (Yes, it happened to me) And tracking is so easily implemented with cashless instruments. Cash may be "old-fashioned" but there is little fraud with cash and you preserve your anonymity.

[@DylanM15]

Working in a restaurant there is more issue and hassle with cash than most see. I think in 2 years I’ve seen 5-10 cases of fake money alone. Also more and more places are trying to keep less and less cash on hand in store as possible. I’ve seen bad cash and bad checks still used 2x as much as stolen cards, which most businesses require cards to be swiped or physically show for delivery. Also contactless at least with NFC is probably the most secure. I know at least Apple Pay for all purchases has several levels of security. They use a random like 9 digit number to simply transfer the money from me to the business. None of my personal information gets transferred and no information about specifically what I bought is transferred at all. Simply a path from my device to the business to send the money. So completely anonymous transactions that can’t be traced back. If a business I buy from would get hacked there is zero way my card information or any personal information could stolen.

[@cc6546]

0:22 96% in south korea? damn

[@tim8927]

@@bsca1956 yeah but not contactless, it's a different system

[@maybealexxxx]

Can we just skip to phone payments like Apple Pay... so much more convenient

[@user-ei7ed6zy9k]

Because places like the UK and Australia is urbanised. People live in cities and economic hubs. People in the U.S. live in rural areas and travel far to get to a large town that may have way more uses for contactless. But nobody is driving 30 minutes to buy groceries worth less than £30 (which is the contactless limit in the UK)

[@minchum9126]

Big Daddy Toyota Corola is the contactless limit without pin code. You can pay a larger amount with the contactless and pin

[@PurpleShift42]

Sure, Australia is plenty urbanised (everything else is either farms or desert or marginal pastoral land or very rarely returned to the traditional owners after a long and difficult process (and white people were using the land as pasture & the Aboriginals as your local uncultured native savage fauna* before that (hence, you know, Stolen Generations, stolen from their culture and land), but also beaches are nice I guess?); but I wouldn't say the same for the UK outside of London, there's been a lot of spread out ruralness there over a long period of time. Not as spread out as the US, probably, their distances are wild, but more ruralised than Australia definitely. I bet their towns are single-digit thousand at most, as a wild guess from this Australian. *yes, we did treat Indigenous Australians that bad, these are not my actual views on Indigenous people

[@PurpleShift42]

But also in Australia our contactless limit is $100 AUD before a PIN is required

[@scottverge938]

Canada is much the same as the USA and all use contactless. Or as we call it tap. Your excuses ring hollow.

[@Horizon301.]

Please think again, the only reasoning is the US is far behind, it always has been regarding cards. In the countryside the nearest supermarket is easily over 30 minutes away, yet still with not much infra structure literally everywhere here ie the small shops, petrol station etc have contactless. If you have a card reader then there is no reason you can’t offer contactless. So yes if I want McDonald’s I travel 30-40 minutes and certainly won’t spend anywhere near £30, under £15 in most cases using Apple Pay or contactless so you are wrong if you ask me.

[@ryanb1800]

When I went to hawaii that’s the first thing I noticed in Australia like everything is payed contactless

[@b3ans4eva]

In NZ, many businesses aren’t adopting contactless because it’s another fee on top of the transaction fee they have to pay to their payment gateway. I worked in a gas station which didn’t have it and it caught customers off guard.

[@kentokyo]

In Japan, we use cash more than American people.

[@MrCalland]

Really thought the Japanese would we right un ob contactless cards and not using cash considering their love of tech

[@kentokyo]

Master-of-Disaster It’s not offensive or anything but Japanese being high-tech minded is a bit of stretched stereotype in overseas. Most Japanese don’t identify themselves or even like high-tech, rather, they like to be conservative and craft minded. Also, what considered high-tech is depend on culture.

[@andresno2028]

Smart. Cash is best. Its psychological. If you feel the bills it's more likely you actually understand the rescources you are using.

[@JoeArmstrongC4S]

There are plenty of contactless payment options in Japan, but yes cash is still popular

[@Mar1s3z]

Contactless in Japan I saw is quite popular, just it can't be use anywhere else in the world. Suica for example and that one thing from Sony called NFC-something that came with a phone that have special chip installed which of course can only be purchased and use specially in Japan model. Other than that there's good'ol chip creadit card and back to cash (which i guess made up about more than 50% of local store to use cash).

[@hildaelson4203]

America is sooooooo behind in A LOT of things. Chip and pin is safe but chip and sign is absolutely laughable. Cash is better.

[@Starstreak170]

@ There's a limit to a contactless transaction, €30 for my card. Any higher requires a pin.

[@spencerwilton5831]

Javier Hernandez sorry but how did you get a European bank to issue you a card? You would need a European bank account, which requires residency and identification and takes time to set up. I have also never heard of a limitless contactless card, in fact I don't believe they exist in Europe. Why would you go to the trouble of getting an eu debit card as a tourist or visitor from another country, when cards from your own country / own bank would be so much easier? Nothing you have said makes sense.

[@DakuJTenshi]

Phone pay is honestly the best

[@bradirv]

yup and it's a subtle flex lol

[@lightbox8019]

Bradley Irving how?

[@ww387gr]

your phone runs out of battery - DOAH! ......a robber snatches your phone from your hands - DOAH!

[@Proambler]

I hate contactless cards. They're not any faster than chip cards in my experience, and I use contactless cards for public transportation, which used to mean I could just tap my wallet against the scanner, but the new contactless credit card I was issued screws with that

[@davidfreeman3083]

I feel like here in the US most likely companies like Google, Apple and Samsung, and potentially Amazon, Microsoft, FB and so on would eventually do that job. I feel like Apple pay, Google pay and Samsung pay has a leading implementing here in the US. Just need them to be more generous on offers to spice up consumers. The banks here are just too fragmented. Not thinking about the fierce competition on old products that left them with not much disposable capital. Can you believe that big names such as Citi and Chase are almost completely absent in Philadelphia, one of the oldest, largest, most important and most famous cities in the US, because of the strategy to aim at 'professional' market, aka super rich (Citi only has presence in a handful of cities in the US), and because of unable to get around localized regulations and licensing (Chase can't legally operate in PA for personally banking I think), respectively? Yeah, Chase is doing a lot to push forward that, and again ppl in PA, NC and so on has to rely on others...

[@teezee9688]

the statement "contactless cards are as secure as chip and pin cards" is false. C&P cards are essentially multifactor authenticated, as they're something you have (a card) and something you know (a pin number).

[@Bunnyroo7]

Contactless cards can only be used for purchases of £30 and under. Periodically, banks will require users to enter their PIN to ensure that there is no fraudulent use.

[@debbielough7754]

True, a contactless card can be stolen and used to tap pay for things. And they can be remotely scanned, so there are security issues (though an RFID proof wallet solves the latter). But there are equally security issues with chip and pin - they can be used for online purchases if stolen, so on balance, they are as secure as.

[@romanc189]

@@debbielough7754 It always depends on what bank and country it is. I'll respond to your theft examples. I'm from the Czech Republic where banks have security set up like this. - payment without pin (payment up to $ 22) - as for the same payment point the card requires a pin after a certain number of payments. Bank returns money for these payments (some banks charge participation) - Online payments where the card is entered for the first time and is not saved (like PayPal) must always be confirmed by the SMS code. - Scan cards can be done. But they can't get all the data needed to communicate between the card and the terminal.