RE Tesco's decision to release contactless credit cards... I've recently taken up a Tesco Credit Card, largely becuase our car hire in the US needed one, but also to collect Tesco points etc. I dont believe my credit card with Tesco' is contactless - never looked / tried it - nor will I. Contactless cards always were a step too far - as I understand it, if you drop your contactless debit card, and I pick it up, I can put purchases on that card, up to the value of £30 per transaction, with no ID, No signature, and no security what so ever?
How does this work with contactless credit cards - is it the same?
As soon as Android Pay was released a few months back, I immediately called all my card vendors and had my contactless cards replaced with non-contactless. Android Pay is much more secure than Contactless - which has no security at all - and I now use this instead of "cards in my wallet". No longer carrying a wallet means I also no longer carry my Tesco Credit Card - which means no fees etc for them. This will be a wide spread impact on their bottom line, rather than just "annoying android users". With no fees, massive market dominance and wide spread adoption - I too can only assume that they've been tied into some exclusivity deal with Apple... - can you confirm :
a) security on contactless credit cards, as aboveb) your plans towards android pay ? Overall, poor show !