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Thursday 12 December 2019

Contactless card charge on hold

Bank of Ireland head Richie Boucher
Bank of Ireland head Richie Boucher
Charlie Weston

Charlie Weston

Bank of Ireland has put off "indefinitely" plans to charge customers to use contactless debit cards.

The bank had been planning to introduce charges of 15c per transaction this year. And AIB had intended to start charging from the end of this month. It now says it is extending until next May the period before it will start charging customers for using the cards.

These are cards that can be swiped in front of a terminal instead of keying in a PIN when buying items up to the value of €15.

There has been a slow take-up of retail outlets installing contactless terminals.

Waiver

This has prompted banks to hold off on charging customers for using the cards.

A spokeswoman for Bank of Ireland said it had issued one million contactless cards and had intended to start charging its customers from August.

It then pushed this out until the end of the year.

It had now decided to extend the fee waiver period "indefinitely", she said.

AIB said it would wait until next year before imposing charges on customers.

KBC said it did not charge for any point-of-sale debit card transactions (contact or contactless) and had no plans to charge for contactless transactions.

Neither Ulster Bank nor Permanent TSB offer contactless technology with its debit cards.

Irish Independent

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