I've just been given (without asking) a new cash card withe "Pay Pass" facility basically articles under �10 can be paid for without recourse to the P.I.N number. I can't help but feel this is a step backwards in terms of security, if someone steals your card all they have to do is buy booze and ciggies for less than a tenner and then sell em on. Anyone else agree? I'm in and out all day today so I'm not ignoring yous...
I have a paypal card that you can top up like a mobile phone card. I never have more than �50 on it. If it's lost or stolen, that is the only ammount anyone can have. It does not have access to your bank details or bank account. I keep it for emergencies. Much more sense I think.
I got �1,000 taken from my current account by somebody who knew my number not my pin just the number on the card. About 4 years ago �780 was taken. Then recently �30 that was spent in Oxford on a top up mobile phone. I live in Northern Ireland. This card is never away from me again only to pay for items. It is true if you can buy with cash do so. I did not know this until last week cos I am working in the Credit Union and we are allowing customers to pay with their card. However two slips are printed out with xxxxxx then number and that is given to customer then the full number we keep. I nearly died no wonder they can use the cards. I have to say that I was reimbursed by Abbey within a few weeks.
If the thief buys ciggies and booze then these items can be exchanged for cash very quickly very easily.
10 shops in an hour could net an easy �50.
It's not the reimbursement I'm overly concerned about, it's that it appears less secure to me, why not just leave it as is/was?