Monday, 06 April 2020 16:22
In direct response to the Covid-19 pandemic, AusPayNet (self-regulatory body for the payments industry ) have announced that the industry will be increasing the PIN limit for contactless card payments from $100 to $200 to reduce the need for physical contact with the payment terminal. This will come into effect for our Members from 6 April 2020 and is expected to apply for a three-month period.
However, due to the way the Wesfarmers group (Coles, Kmart, Target, Liquorland, Vintage Cellars, Bi-Lo, Officeworks) process contactless transactions, you could be charged fees for paying with Tap and GO/payWave. We remind our Members that when using your NICU Visa Debit card at the businesses listed, insert your card and select 'Credit' or 'Visa Debit' to ensure that it is a fee-free transaction.
You can read more about the AusPayNet PIN limit changes on their website www.auspaynet.com.au.
Learn about Northern Inland's Member Loyalty program and more ways you can save on transaction fees.