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Banks reject fraud concerns over contactless payments

Monday 8 February 2016 | 11:16 CET | News
Contactless payments are safe, easy and quick, according to the Dutch payments association Betaalvereniging Nederland, rejecting a critical report from the consumers union (Consumentenbond). The union claimed that contactless payments are open to fraud, as bank cards could be tapped over NFC with a mobile reader, and if fraudsters also obtain the customer's PIN, large amounts could be stolen from their account. The banks said this type of fraud has not occurred in the Netherlands. Customers are good at screening their PIN from view and protecting their cards, and banks offer compensation if

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Categories: Mobile & Wireless
Countries: Netherlands
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