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The UK Contactless Payment Limit Has Gone up, But it Will Have Little Impact on Apple Pay

Charlotte Henry ·

The UK limit on single contactless transactions  – those that you can simply tap your card to make, no pin or signature required – has increased to £100. However, as Ben Lovejoy at 9to5 Mac noted, this will have little impact on those who want to use Apple Pay to purchase goods as the limit was already significantly higher than that. (In the U.S. of course, the situation is different with different ceilings on when a signature etc is required.)

Apple Pay uses a more sophisticated form of contactless payment reserved for mobile wallet devices that have biometric authentication. With this protocol, banks and retailers can set a much higher payment limit, or even have no limit at all, because the device verifies the identity of the user via Face ID or Touch ID in the case of an iPhone, or the PIN you entered on an Apple Watch when putting it on in the morning. When I asked at the time of launch, my bank hinted that its own limit was £750 ($1,050), and certainly I have made three-figure purchases using Apple Pay. Some people report successfully using Apple Pay for mid-four-figure purchases.

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Credorax Adds Support for Apple Pay

Andrew Orr ·

Bank Credorax announced on Wednesday that it added support for Apple Pay to its payment method list.

Credorax reported that both methods may now be added to merchants’ accounts as payment options for their shoppers alongside the more than 150 global payment methods the platform offers.

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EU May Force Apple to Give Rivals Access to Apple Pay Tech

Charlotte Henry ·

Apple may have to open up its Apple Pay technology rival providers. That’s according to a EU document due to be published next week, seen by Bloomberg News.

The report is set to be unveiled next week by the European Commission as part of a package of policy proposals. It includes a footnote to a competition case launched by the European Commission’s antitrust arm in June, which is seeking to assess whether the iPhone giant unfairly blocks other providers from using the tap-and-go functionality on its smartphones. “In parallel with its ongoing and future competition enforcement, the Commission will examine whether it is appropriate to propose legislation aimed at securing a right of access under fair, reasonable and non-discriminatory conditions, to technical infrastructures considered necessary to support the provision of payment services,” the EU says in the document.