‘Tap to pay’ warning for South Africans

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South African consumers and businesses are increasingly embracing digital payments, but criminals are also coming up with new tactics.

Criminals are targeting South Africans who use the tap-and-go functionality on their cards to make payments.

“As you tap, that person taps your card, and the money comes off twice—once for the petrol and once for the fraudster. It’s an incredibly easy scam to perpetrate as well. All you need is a credit card machine in your pocket, and you can take any amount you want from someone’s card.”A particular concern is that many cards don’t have a limit, with users allowed to pay upwards of R10,000 with a tap of their card.

Some banks allow customers to disable the tap functionality in their cards, which Frost said is the best way to ensure financial security. “Your mobile phone has more security, and when you tap it, the phone will only allow the amount to come off once. After that, any additional taps will fail, which will prevent this type of fraud from happening.”“Then bolster this by making the tap amount on your phone small so you can protect yourself from the outset.”

 

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