Why is bypassing the PIN on a debit card something you can do? Doesn’t that defeat the purpose of having a PIN to begin with?
In: 7068
Tap payments have been around for years here in Canada. They usually have a low-ish limit (say $100) so someone who gets your card can’t just charge thousands of dollars in a short time.
The card must be present to be used, and if someone steals it you can cancel it with a quick call. You can’t withdraw cash from an ATM using tap so overall it’s fairly secure.
And way easier. Which means people spend more and the bank makes more $$
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