With such a highly contagious virus, the more we can all do to limit its spread is welcome. In retail, one area now being addressed is that of the present contactless transaction limit. In the last few days, many countries including China, Ireland, Malta, Greece, Turkey and Poland have increased their local payment limits to allow more hygienic, lower risk transactions removing the need to enter a PIN number via the PIN pad – alleviating the risk of contamination to the customer. transaction security and the physical security of the payment terminals themselves are paramount for both the consumer and the financial institutions. In fact, contactless payments at the point of sale experience some of the lowest fraud rates of any payments.
Ensuring everyone does their bit to reduce the effects of the Coronavirus pandemic is the responsibility of us all. Simple and small steps such as raising the contactless limit would help us to be more hygienic and lessen the risk of spreading the virus in retail, an issue that should not be ignored.
know more of Taiyun self service kiosk