so when yer mobile gets nicked you lose the CC as well ?

g8ina
so when yer mobile gets nicked you lose the CC as well ?

In that case I'd be more worried about the phone than the CC - and AIUI it will only allow £15 or less, not larger purchases.

Whats the position on unauthorised transactions with NFC/contactless ?

ISTR officially CCs only cover transactions over £100…

I can see a lot of these “cards” getting lost as they weren't stuck on properly

I can't see many people going for this. Firstly who would want to stick something like that on their shiny new Smartphone. Secondly I'd be paranoid that it would come off. Looks a bit gimmicky to me.

Personally, I don't see any circumstances under which I'll be willing to use this.

First, I'm not willing to sign up to a PIN-less NFC technology. I don't care how 100% “guaranteed” the process is, because I'm not prepared to risk submitting myself to the hassle of arguments with a card company over small value payments, and even that assumes that I even notice a small value payment and realise it wasn't a genuine one.

Suppose a £10 charge occurs in a store I use, in my local area, and I know nothing about it until a statement arrives weeks later, or I go online to check (also, perhaps, weeks later). If that transaction occurs in an area I know I haven't been to, or is a big amount I know I didn't spend, then it stands out. But if you use NFC regularly, the only way I'm likely to spot such a transaction is if I carefully and religiously note every small, NFC transaction I make, and that rather defeats the “use of use” agenda for using it in the first place.

It's not just about whether I get the money back, even assuming I notice a few dodgy transactions which i might well not do, it's about the hassle of having to track everything, and then potentially dispute some transactions.

Also, and this is a priority for me, though I suspect I'm the exception, I'm simply not prepared to give any credit card company that level of micro-detail on my transaction history, because I value my privacy higher than that. And letting their computers analyse where I am, and what I spend on that level of detail is not going to happen.

I don't even use credit cards for supermarket or petrol purposes now, for (in large part) that reason, so I'm sure not using NFC for tiny transactions. There is already, as far as I'm concerned, is a perfect technology for small payments. It's called “cash”. It's widely available, accepted pretty much everywhere, and makes it bleeping near impossible for companies to data mine what I choose to spend money on.

So, I use credit cards sparingly enough at the moment, in these pre-NFC days. I use them for items where consumer protection (s.75, CCA, etc) is important, or for things like hotel bookings and car hire, and for the occasional item where I might get caught short of cash (which, frankly, doesn't happen that often, and so far, not at all this year).

NFC technology? As far as I'm concerned, it's …. well, a different sort of NFC …. No Flipping Chance. ;)

Just another step on the road to a cashless society. Not good.

Hmm, it really does sound like a pin-less credit card…..when I thought all these NFC pin-less cash payment devices were only supposed to be eWallets (i.e. loaded digital cash, in no way tied to your bank or CC account)

After all the fuss banks have gone to recently to secure accounts with authenticators……..why the hell would they then add this huge back door?