These regulatory changes are scheduled to commence on March 19, though individual firms will decide when to adopt the flexibility
Notifications can be managed in browser preferences.
Swipe for next article
These regulatory changes are scheduled to commence on March 19, though individual firms will decide when to adopt the flexibility
Removed from bookmarks
I would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice
The Financial Conduct Authority announced plans to scrap the £100 cap on contactless card payments
Stock market news and latest business and finance updates from Wednesday
Banking lobby group says lenders are holding off changes as there is no widespread consumer demand for now
Plans from the Financial Conduct Authority (FCA) could mean entering a PIN becomes increasingly rare, with shoppers able to buy…
Card providers would be allowed to set their own contactless card payment limit, under the regulator's plans.
The vast majority of card transactions across the UK are made on Visa or Mastercard networks
