Contactless card limit rule changes come into force from Thursday

Rule changes coming into force from Thursday will mean that banks and payment providers with strong fraud controls will be able to set their own contactless card payment limits in future.While Britain’s major banks have said that they will keep the current £100 card limit for now, with many also allowing customers to set their own limits for lower amounts, it does mean that they will have the flexibility to make changes in future if they want to.