wraggster
June 11th, 2015, 21:01
http://o.aolcdn.com/hss/storage/midas/2c601335b5c390f4e9ba0ab9a88b9588/202107164/apple-pay-hands-on-630jt.jpg (http://www.engadget.com/2015/06/09/uk-apple-pay-contactless-cap/)Apple Pay is on its way to the UK next month (http://www.engadget.com/2015/06/08/apple-pay-uk-launch/), and from launch, all the big banksexcept Barclays (http://www.engadget.com/2015/06/08/barclays-apple-pay-uk/), and a quarter of a million retail outlets will support it. And yet, despite so many day-one partners, it seems we're not quite ready for it. You see, Apple Pay isn't like any other contactless payment method we use already, since you authorise transactions with a Touch ID fingerprint scan. Contactless debit and credit cards don't require any kind of authentication, which is why transactions are currently limited to a maximum of £20, though the cap is increasing to £30 in September (http://www.engadget.com/2015/02/07/contactless-payments-uk/). The whole point of the two-step Apple Pay process is that you can make purchases of any amount using your iPhone, but today we're hearing that the majority of retailers will be bound by the £20 cap at launch.
http://www.engadget.com/2015/06/09/uk-apple-pay-contactless-cap/
http://www.engadget.com/2015/06/09/uk-apple-pay-contactless-cap/