Contactless Payments – Guidance
What are contactless payments?
Contactless payments allow you to make fast and secure payments for amounts up to £30 just by touching your card on the card reader.
You do not need to enter your four digit Personal Identification Number (PIN). You can make payments with debit, credit, or prepaid cards, which have the following contactless symbol: Other methods of contactless payment include mobile phone apps and wearable devices (wristbands and watches).
Some UK card providers are not currently issuing contactless payment cards, and contactless card readers are not available at all retailers.
Are contactless payments safe?
• They offer the same level of fraud protection as standard Chip and Pin transactions.
• You no longer have to enter your PIN for purchases of £30 and under. However, from time to time, you may be prompted to enter your PIN as a security measure. This is to verify you are the authorised cardholder and are in possession of your card.
• If your card is lost or stolen you may be protected against fraudulent activity and will not be liable for any losses incurred. However, if you have given your card to someone, you could be found liable.
• If you carry more than one card in your purse or wallet, take your contactless card out to make the payment. This will ensure the correct card is debited.
• Going contactless does not mean you should go without a receipt. Always accept the offer of a receipt, or request one if you are not automatically given one. This will make it easier to return goods if necessary.
• If you are not comfortable using a contactless card, or have concerns about fraud, contact your bank to enquire about their ‘opt-out’ service. Most banks offer this facility, but terms and conditions may vary.
Q: Is it possible for a thief to copy my card information?
A: Although the risks are low, it is possible. A device would probably need to be very close to your card before a thief could copy your details without you knowing.
Q: Is it possible to make an accidental purchase?
A: It is possible to accidently pay for something without meaning to, but only when you are very close to a card reader. The cashier would need to have activated the terminal, which would reduce the chance of accidental payments being taken.
Q: If I present my card to the reader twice, will I be charged twice?
A: No, the reader will only take one payment per transaction.
Q: Can I use the contactless function to get money out at a cash machine?
A: No, you will need to enter your PIN each time you use a cash machine.
- all people involved with the project are competent
- the risks to health and safety are properly managed
- sufficient time and resources are available for the work to be carried out safely
- information about known risks, such as the presence of asbestos materials, is provided to those involved with the project
- if more than one contractor is involved, one of them is appointed, in writing, as the Principal Contractor, and ensure that a construction phase plan is prepared before work starts.
In addition, if the construction work is going to last more than 30 working days, or involve more than 500 man days (eg 10 operatives working for 50 days) then additional steps must be taken to ensure that:
a health and safety project coordinator (HSPC) is appointed in writing certain health and safety related information is provided to the HSPC
- retain and provide access to a health and safety file which is prepared for the project
Channel Islands Financial Ombudsman
The Channel Islands Financial Ombudsman (CIFO) will commence the resolution of complaints about financial services on 16 November 2015, when its full legal powers are brought into force through the Financial Services Ombudsman (Jersey) Law 2014 (Appointed Day) (No. 3) Act 2015.
CIFO has published the Jersey Fee Scheme and Jersey Levy Scheme, setting out the detail of its funding mechanism. It has also published a consultation paper on a model complaint-handling procedure for financial services providers that can be found https://www.ci-fo.org/cifo-consultations/
The closing date for responses is 30 October 2015.
Three key messages emerged from our survey:
- We must all take personal responsibility for
our financial health;
- We must all research our facts and ask questions to help us make informed decisions and to better understand the bigger picture of what financial health entails – over the short, medium and long term;
- Most importantly we must NEVER put our head in the sand – financial difficulties escalate not diminish!
5 Ways to Respond to a Credit Card Interest Rate Increase
What to Do When Your Credit Card’s Interest Rate Increases
Wouldn’t it be nice if low interest rates last forever? Unfortunately, the saying “All good things must come to an end” is especially true when it comes to credit cards.
One of the practices credit card issuers are notorious for is suddenly increasing interest rates. Of course one of the reasons it seems so sudden is because most credit card issuers only have to send you 15 days notice before increasing your interest rate.
Staying Secure at Cashpoints
LINK is the UK’s cash machine network, providing you with access to your cash. The number of free machines is at an all time high, and to help you manage your money effectively you can also check your balance free of charge at any LINK machine.
Despite some recent high-profile incidents, cash machine crime is very uncommon. LINK have provided a number of simple steps which all cardholders can take to help fight ATM crime :Read More
Methods of Payment
A payment is the transfer of money from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.
Common means of payment by an individual include: –
- Bank Transfer
Credit rating – what’s the score?
The importance of your credit history is not overrated. Your credit history information is of interest to a lot of people. A bad credit history can make it harder for you to obtain loans and even a mobile phone contract. Landlords and potential employers can and will also look at your credit history report.
Banks have changed the way they decide to lend money since the financial crisis. Essentially, the lenders now want to take fewer risks with their cash.
Basically, being granted a credit facility enables you to repay over a set term usually having interest added and paid back with the initial advance on a monthly basis.Read More
Danger: Direct Debit Bandits at Bay
Have you checked your statements lately?
When was the last time you checked your bank statements? Are you aware of all the direct debits you currently have set up? And did you know that ANYONE can initiate a direct debit on your account, so long as they have the correct sort code and account number?
Theft through fraudulent direct debits is becoming an increasing problem and it is estimated that well over 100,000 Britons have fallen victim. Back in 2010 (interestingly, the most recent statistics we could find), insurance group LV= found that direct debit (DD) fraud accounted for over 10% of ALL identity theft.Read More
Who we are and what we do
Community Savings is the only viable alternative to a high street bank based in Jersey. There is no other government or third party agency that is able to offer the range of services described below to all Island residents. We operate an “open door” policy and with virtually no restrictions based on residency or credit history we are able to help the majority of people who come to us.
To access our services customers need to join “an interest group” (similar to being a member of a credit union). Our biggest group is based at our town premises in Seale Street, St Helier by the Town Hall. Open from Tuesday – Friday from 9.30 am – 12.30pm our front desk services are provided by a team of welcoming volunteers. Applicants need only bring some photographic ID and proof of address and an account can be opened immediately if all is in order. Wages or income support can be paid into an account and direct debits paid out. In addition customers can have a Cred-E card which acts as a “top-up” debit card.Read More