-
French notaires want to reduce taxation on family gifts
The aim is to encourage earlier transfers of wealth between generations
-
Marine Le Pen outlines ‘national preference’ policies for French housing sector
Far-right candidate wants citizens to have priority access to social housing and to exclude non-citizens from housing benefits
-
French easyJet pilots postpone strike but flights at risk September 24 and 25
Change follows new round of negotiation over pilot schedules
Contactless payment limit to rise
From October, the upper limit for single payments will increase to €30
The limit for single contactless payments is set to rise to €30 from October.
The system launched in France in 2012, and has proved a hit with consumers. In July alone, 108million contactless transactions were made at the 565,000 places that operate the system across the country.
According to Visa, October's €10 increase on the limit will enable 60% of all carte bleu transactions to be contactless, compared to the current level of 43%.
Meanwhile, the Observatoire de la sécurité des moyens de paiements (OSMP), which monitors payment security and fraud, says non-contact payment methods are at least as secure as other methods.
The technology is considered safe, and non-contact payment has a 'generally stable fraud rate' of 0.02%, with instances exclusively linked to theft of cards, the OSMP said. Overall levels of card fraud, is at 0.029%, the organisation added.
