-
Will PIN codes for cards in France gradually disappear?
Use of new biometric technology is changing banking landscape
-
What monthly income makes you ‘rich’ in France? 2025 report
Think tank also highlights ‘middle class’ and median earnings
-
What are new ‘Cash Services’ ATMs in France?
Banks are pooling resources to improve ATM accessibility and reduce costs
‘Spectacular’ growth of contactless cards in France
Banque de France has reported no associated rise in cases of fraud with the increase in contactless payments
USE of contactless payments has risen in a “spectacular” way since the ceiling was lifted to €50 in May, but without any associated rise in reports of fraud, says the Banque de France.
Its governor, presenting the latest findings on means of payment, said it was too early to give definitive statistics but “we’re not hearing from banking networks or business associations any sense of fraud increasing” due to this.
He added that fraud linked to payments in 2019 was well controlled, with that linked to cards close to a historic low, at 0.064% of transactions.
This is despite a France 3 programme this summer linking a 28.9% rise in actionable complaints to the banking mediator concerning means of payment last year to use of contactless payments. The mediator did not give a reason in her report, merely stating that complaints concerned “frauds, scams and chargeback requests”.
The latter is an EU right to claim money spent using a card from a bank or card provider if you receive no, or faulty, goods, or in case of fraud.
The mediator gave a case study of a smartwatch owner who reported losing money in a contactless payment but concluded he had been careless with a personal code.
