Cashless society ( pros and cons)

The worst case scenario with digital money is that the authorities could simply cancel your money. Laugh, but this has happened in many countries throughout history. A hard line communist regime could allow you an amount of money every week and if you don't spend it you lose it. Start afresh the next week; no saving allowed!

Does it still say on British notes '.....Promise to Pay'?

The difference between digital money and a piece of paper or plastic saying that is what exactly?
 
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Aah, now it's tactic number 8, more than one ID.
You really are a few pence short of a full shilling.
You need to add another tactic to your list:
Distraction: tell someone they're making things up and device a long list of rules, so others might believe it and don't look at you...
 
You need to add another tactic to your list:
Distraction: tell someone they're making things up and device a long list of rules, so others might believe it and don't look at you...
Gibberish is number 10 on the list.
 
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Assuming that in a capitalist system, if the rich in the world continue to amass more riches, and the poor keep getting poorer, does that mean that eventually, somewhere in the distant future, that one person will have all the money in the world?
So it's a gigantic game of monopoly really.
Or is more money created just for the rich to continue amassing it, and the poor get relatively poorer?
 
Well, it’s £100 limit on contactless cards today. I saw the financial correspondent on the news just now saying that you can request a non-contactless card from your bank so if you’ve any concerns, you should do that now.

p.s. Where's Captain Nemesis gone- I see his name is blacked out on his posts. Banned? Left on his own accord only to return as a 'new' user? He might even be here already…….
 
Well, it’s £100 limit on contactless cards today. I saw the financial correspondent on the news just now saying that you can request a non-contactless card from your bank so if you’ve any concerns, you should do that now.

p.s. Where's Captain Nemesis gone- I see his name is blacked out on his posts. Banned? Left on his own accord only to return as a 'new' user? He might even be here already…….
Orchid2021.
Already raving with expertise in many fields.
It's a retired police officer with a solicitor son this time.
 
Well, it’s £100 limit on contactless cards today. I saw the financial correspondent on the news just now saying that you can request a non-contactless card from your bank so if you’ve any concerns, you should do that now.
But not all banks...

And it's worse with credit cards. Less than 50% allow the option. Including some very notable ones...

Such as Barclaycard, Amex, Virgin etc...

And it can mean that you get a worse deal or higher interest charges!
 




But not all banks...

And it's worse with credit cards. Less than 50% allow the option. Including some very notable ones...

Such as Barclaycard, Amex, Virgin etc...

And it can mean that you get a worse deal or higher interest charges!

Even if they don’t allow contactless to be switched off, you have the same protection with contactless as you do with chip and pin from all card issuers.

https://www.barclays.co.uk/help/cards/barclaycard/contactless-fraud/
When you make contactless payments, you get the same protection from fraud as you do when you make chip and PIN purchases and online purchases. As long as you haven't been negligent (for example, by letting someone else use your card), you're not liable for any fraud on your account.


https://supportcentre.natwest.com/S...-if-my-contactless-card-is-lost-or-stolen.htm
Contactless payments are covered by our anti-fraud guarantee, just like any other payment, and realistically your card could only be used a few times before we'd ask for your PIN. What's more, the contactless signal doesn't contain your PIN or any kind of information that could identify you.

https://www.hsbc.co.uk/help/card-support/contactless/
Contactless payments are safe and secure. You are 100% protected against fraud, just like you are with Chip & PIN payments. For extra security you may occasionally be asked to enter your PIN.

https://www.lloydsbank.com/credit-cards/contactless-credit-cards.htmlSecure - Your contactless card and transaction is secure and is covered by the same anti-fraud protection as chip & PIN

https://www.santander.co.uk/personal/support/understanding-our-services/contactless-payments

Lost or stolen cards
If your card is lost or stolen, you’re protected against fraud provided you let us know as soon as you realise your card is lost or stolen and you have taken the proper precautions to keep your card and security details safe, as outlined in our terms and conditions.
 
You may have the same 'protection', but you have to prove misuse...

And PSD2 has been 'relaxed' in the UK since Brexit, so there is more opportunity for higher value fraud than in the EU...

But hey, my reply was simply pointing out that not all banks or credit card companies give the option of non contactless cards...

Was that 'drivel' in your book? :rolleyes:

PS. There are of course easy ways of disabling the antenna if you so desire ;)
 
You may have the same 'protection', but you have to prove misuse....
No, the card issuer has to prove that.

And PSD2 has been 'relaxed' in the UK since Brexit, so there is more opportunity for higher value fraud than in the EU...

Wow, you don’t say? Let’s go back £10 then shall we? A higher limit on anything will, by definition, enable a higher value of fraud which, as I have shown, is covered by the banks unless you say something silly like "I left my card on the dashboard of my car". It’s precisely because the U.K. has left the EU that we can make our own rules about such things without needing 'erlaubnis'. :sneaky:
 
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