Tap-and-go fraud warning: cards can be used AFTER you cancel them
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Contactless cardholders who cancel their cards after having them stolen are still at risk of fraud, it has emerged, as the process does not always stop them being used by thieves in shops.
An investigation by consumer website moneysavingexpert.com discovered cancelled cards being used up to eight months later by criminals to buy items in shops.
People whose contactless cards have been lost or stolen are being told to comb through months or years’ worth of statements to check for fraudulent transactions which may not have been flagged by their bank.
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