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Police call on the banks to limit the number of tap-and-go transactions per day

Article image for Police call on the banks to limit the number of tap-and-go transactions per day

Senior police want a limit on the number of daily ‘tap-and-go’ transactions amid a surge in deception offences.

New figures show there’s been a massive jump in the number of crimes since the technology was introduced.

The Herald Sun reports there are now over a thousand more offences every month, with a corresponding surge in theft from cars.

The banks are being urged to impose a limit of three transactions a day. 

Chief Executive of the Australian Bankers’ Association, Steven Munchenberg, told Neil Mitchell the ABA is surprised by the figures reported.

‘Fraud on tap-and-go is actually very very low; we’re surprised by the calls that have come from Victoria police’.

Mr Munchenberg said any fraud that occurs through tap-and-go transactions is at the cost of the banks.

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