London Banter - View Single Post - London buses to offer contactless payment card option from tomorrow(12/12/12)

Roland Perry · December 18th 12, 04:22 PM posted to uk.transport.london

In message , at 13:56:28 on Tue, 18 Dec
2012, d remarked:
The retailer's and the cardholder's account will be updated to indicate
a successful transaction; and a failed transaction will be flagged at an
online terminal (some milliseconds after the card has been removed). A
failed transaction at an offline terminal becomes a bad debt (for the
retailer/bank) and sorting that out is part of the swings and
roundabouts that permeates all card transactions (contactless or not).

So no potential for abuse then. No, not at all...

Abuse by a holder of a merchant account will be dealt with fairly
rapidly. Non-holders can't process the transactions.
--
Roland Perry