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Georgie Frost

What are banks doing to help protect your contactless card?

Georgie Frost
Original Broadcast:

Share Radio Morning

What are banks doing to help protect your contactless card?
Last week the Financial Conduct Authority - the FCA - set out changes it will introduce to tackle the fraudulent use of contactless cards after they've been cancelled. It was responding to a Treasury Select Committee, which raised concerns earlier this year that customers were having to check their bank statements to check for suspicious activity, and then apply for a refund from their bank. The FCA says less than 1 percent of all card fraud is on contactless cards, but is urging banks to do more. Share Radio's Sara Macham spoke to Jon Sacker from the UK Cards Association to find out more.

Guest: Jon Sacker