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Increasing UK contactless limit to £100 could mean increasing fraud
By Sunniva Kolostyak
The UK’s limit for contactless payments could be increased from £45 to £100 – meaning banks are exposing customers to greater levels of fraud, according to the industry. Yesterday, the Financial Conduct Authority (FCA) revealed that it is looking at more than doubling the contactless limit to £100 after raising it from £30 to £45 […]
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