A new survey has revealed that three-quarters of Brits are concerned they will be exposed to the risk of fraud when contactless payment cards are introduced, it has been reported.
The research conducted by TickBox, which polled 2200 people, found that 77 per cent were afraid fraudsters would be able to access they money more easily if a card was lost or stolen, according to finextra.com.
Geoff Barker, head of contactless payments at life assistance firm CPP, told the news provider that the financial services industry needed to explain to people how the contactless payment cards work to help dispel any fears about them.
"For example, casually brushing past a reader in a store does not mean your contactless card will automatically be debited with a purchase you didn't make, nor will transactions be duplicated by accidentally touching the reader twice," Mr Barker commented.
In related news, customers paying their bills on Alliance & Leicester's BillPay website will now have to provide passwords to help prevent fraud, finextra.com has reported.
