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Just a Card Indie Week is here and it's not too late to get involved!

25 Nov 2021

An antidote to the fast-purchase culture of Black Friday, Just a Card – Indie Week is your chance to shine, your opportunity to celebrate and share your work, stories and communities,... Read more…

How fraudsters are exploiting customers using popular BNPL service providers

23 Nov 2021

Improperly regulatedBuy Now Pay Later services aren't just growing in popularity among consumers, they're also proving to be a hit with criminals.
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Download the ShopKind Christmas assets now

22 Nov 2021

All retailers are encouraged to download the print and social media ShopKind campaign materials and use them in stores.
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Still have Fix Your Bike vouchers to redeem? Let the DfT know

22 Nov 2021

The deadline for completing all repairs as part of the Fix Your Bike scheme has now passed but it's not too late to ask for an extension.

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Save the date Just a Card Indie Week 2021 22-26 November

18 Nov 2021

An antidote to the fast-purchase culture of Black Friday, Just a Card – Indie Week is your chance to shine, your opportunity to celebrate and share your work, stories and communities,... Read more…

New service brings ACT members up to 20% off IT equipment and free access to tech advice

18 Nov 2021

Technologyhas important effects on business operations. The ACT has partnered withDell to assist businesses in attaining quality up-to-date IT equipment and access specialist advice to... Read more…

Scotland commits to transport decarbonisation

15 Nov 2021

The ScottishGovernment has signed an international pledge as part of the COP26 conference, committing to accelerate the transition to 100% zero emission vehicles.
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Scotland to ban single use plastics from June 2022

15 Nov 2021

The Scottish Government has laid legislation to introduce a ban on certain single use plastic items from 1st June 2022.
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Consultation launched to bring BNPL providers under regulation

11 Nov 2021

As trendy Buy Now Pay Later (BNPL) services continue to grow in popularity across the UK, a charity has warned that using these non-regulated services can be like "slipping into quicksand".... Read more…

Take part in Road Safety Week 2021

4 Nov 2021

The ACT is a supporting organisation of Road Safety Week 2021 to represent the cycling industry and encourage road safety for all who usethem.
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Contactless limit to increase to 100 from 15 October

Posted on in Business News, Cycles News, Political News

UK credit-cardFinance have announced that the national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021.

The decision to raise the contactless limit from £45 to £100 was made by HM Treasury and the Financial Conduct Authority following a public consultation and in discussion with both the retail and banking sectors. It follows on from the successful increase in the limit from £30 to £45 in April 2020.

From 15 October 2021, consumers will start to see retailers accepting contactless payments up to the new £100 limit, which will give customers more flexibility when shopping in store. Given the number of terminals which will need to be updated to accept the new limit, it will take some time to be introduced across all retailers. To check if a retailer has updated to the new limit, customers should either ask in store or follow the prompts on the card payment machine when paying.

For consumers spending more than £100 there are many ways to pay, for example through Chip & PIN, cash and alternatives such as mobile payments like Apple Pay or Google Pay which do not have an upper limit when authenticated through biometric technologies like fingerprint or facial recognition.

David Postings, Chief Executive of UK Finance, said:

Contactless payment has proved very popular with consumers and an increasing number of transactions are being made using contactless technology. The increase in the limit to £100 will allow people to pay for higher value transactions like their weekly shop or filling up their car with fuel. The payments industry has worked hard to put in place the infrastructure to enable retailers to update their payments systems so they can start to offer their customers this new higher limit.

The Chancellor Rishi Sunak said:

Increasing the contactless limit will make it easier than ever to pay safely and securely - whether that's at the local shops, or your favourite pub and restaurant. As people get back to the high street, millions of payments will made be simpler, providing a welcome boost for retailers and shoppers.

 

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