The new rules which mean your card could be declined for no reason



NEW rules being introduced to crack down on fraud could lead to your card being declined more frequently - even if there are funds in your account.
Contactless technology has changed the way we pay, with many transactions not requiring you to enter your PIN.
But in September the Financial Conduct Authority put forward new rules as part of a crackdown on fraud.
The legislation is being rolled out over the next two years and it means your card could be declined, despite there being enough funds in your account.
That's because banks have to follow tougher procedures to ensure the person paying... read more

 
3 December 2019 in Regional North West , Views: 47
Source: Bury Times
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