herald

Wednesday 13 December 2017

BOI delays charges

payments

Bank of Ireland has put off plans to charge customers to use contactless debit cards "indefinitely".

The bank had been planning to introduce charges of 15pc per transaction this year.

It has issued one million contactless cards, which allow customers to pay for items by swiping the card in front of a terminal instead of keying in a pin number when buying items up to the value of €15.

Retail outlets have been slow to install contactless terminals, prompting banks to hold off on charging for using the cards.

Promoted articles

Entertainment News