Not the best place for a targeted advertisement:
Seems like this has nothing to do with the banks, card, or their security/loopholes, but just retailers being silly and allowing customers to split purchases into multiple smaller ones.
Something something SCA
But it’s the same as cheque guarantee cards, used to split that down to the limit. Any retailer with a bit of sense would see it was dodgy for contactless
Definitely a retailer issue and nothing to do with the banks.
As soon as I saw it was a Mail Online “article” my eyes pretty much rolled out of my head.
I only saw it as it appeared on my Google news feed. I was more amused by the targeted advertising than the article.
Surely this is a “non-story” though, because after £100 of contactless spending, the fraudster would have to enter the PIN anyway - whether that’s in 4x £25 transactions, or 2x £50 ones that are split down.
But yes, it’s the Faily Fail, so it holds about as much journalistic credibility as half a chocolate teapot.
A loophole exploited by retailers, nothing to do with banks, will be neutered by SCA, and even without SCA has a trivially easy fix - where retailers are allowing someone to split pay like that, make them 100% liable if the transaction turns out to be fraudulent. Sorted.
It looks like their “investigation” was pre-SCA.
I’d assume most banks, pre-SCA would have had a system that flagged use like this. It’s really not that much different from a thief using a stolen card contactlessly in several shops in quick succession. The only difference is they could potentially get something nicer in one shop - the amount lost to fraud is still the same.
I knew this was a Daily Heil article before I even opened the thread. The whole thing reeks of the utter terror that their core readership (65+) regard Paywave with.
McDonalds in the US used to decline a 2nd transaction right after the other, requiring the manager to override. Not sure if they still do this.
It was to prevent card fraud.