Official Company Statement 07/01/2022
Processing Offline Payments *PAX / Optomany
As of October 15th 2021, the new £100 floor limit allows customers to purchase goods and services up to the value of £100 without having to enter their PIN.
The term floor limit was introduced back in the days when credit card transactions were authorised by phone. Imagine the scenario; a packed shop floor on a Saturday afternoon with customers lined up to pay for goods on their credit or debit cards.
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Phishing attacks are becoming increasingly popular and new methods are being developed putting millions of users worldwide at risk.
Without a doubt, new and emerging wearable payments are changing the way we spend.
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Free Lucozade bottles with a contactless chip at the base are being handed out at Oxford Circus station