Tap & Pay Bank Cards — Risk for Elderly

Elderly people who have “contactless bank cards” risk having cash stolen from their accounts by unscrupulous family members who prey on their lack of digital awareness — writes Mark O Regan in the Sunday Independent, 3 July 2016.  “As tap to pay cards hit the mainstream, experts are warning that the technology could expose victims to financial elder abuse to a new form of exploitation.  Those who wish to steal cash no longer need to know a PIN code, and payments per transaction can be authorised up to €30.

Read the Sunday Independent article http://www.independent.ie/irish-news/elderly-at-risk-of-tap-and-pay-scam-34852197.html

 

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