Contactless payments will change in France

France is looking for a solution to the restrictions on contactless payments. Passed to € 50 since 2020, coronavirus pandemic, payment by bank card without insertion into the terminal Widely adopted by French peopleHowever, you still cannot pay a large amount.

To improve this, French banks and online banks should be able to: “PIN Online” Technique.. Democratized in Germany, this is achieved by a simple contactless payment followed by a PIN code entry on the terminal. The operation is not completely contact-free, it’s a bit slower, but it’s all the same.

With her No need to insert a card With a reader so that he can read his tip. Enough to avoid picking up the terminal and waiting for payment verification to withdraw the card. For payments over € 50, you can use this “PIN Online” technology without exposing your card to malicious acts withdrawing money from us.

Contactless payment security

Overseas, the amount of contactless payments has increased significantly in some countries, as in Canada. The upper limit is 250 Canadian dollars, or 180 euros. Maybe France should also choose to raise the ceiling further, but many still see this as an open door for thieves.

At BNP Paribas, a card solution with biometrics solved the problem by delegating the PIN code security protocol to the digital authentication protocol.

But in an interview with Lemon squeezerIts manager, Jean-Marie Dragon, explained that this technology is only intended to simplify its use and does not work as a security solution.

“Discussion about Risk of fraud Contactless payments are not entirely related to contactless payments, as we now know that they are completely less risky than traditional contactless payments.

Originally, contactless payments were the subject of many questions. In reality, this has never been proven. There is no general concern about contactless payments for fear of debiting without making a transaction. “He said.

Bank Postal, Paris Taxi

In Paris, the first contactless payment experiment using the “PIN online” method has already been conducted. La Banque Postale has partnered with two French fintechs to provide a solution for G7 taxis, allowing customers to “tap” and pay for leaders even after € 50. The solution arrived on February 25th.

“By choosing the FrenchSysFRv6 standard, the actors involved have selected a range of innovations, scalability, and new needs for accepting regulatory-compliant payment methods.”Cédric Sarazin, General Manager of French Sys, commented.


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