Contactless cards

Fraud procedures at Lloyds, Halifax and Bank of Scotland have been placed under review after a MoneySavingExpert.com investigation revealed lost and stolen contactless cards can be used by crooks months after they're cancelled – with some banks failing to spot dodgy payments.

London commuters and visitors will be able to hop on two buses for the price of one for journeys within an hour, following the launch of the new 'hopper fare' today.

The chair of the House of Commons' influential Treasury Select Committee has called for banks to do more to protect customers after MoneySavingExpert.com revealed that crooks are able to use contactless credit and debit cards months after they've been cancelled.

Bank customers whose lost or stolen contactless cards have been cancelled may need to comb through months or even years of statements to check for fraudulent transactions, an MSE investigation has found.

Shoppers can buy goods costing up to £30 using contactless credit and debit cards from today, as the single payment limit has increased from £20 per transaction.

If you're travelling by bus in London from Sunday, don't bother trying to find change to pay the driver, as cash fares are being abolished.

Visitors to London who plan to take one of the capital's red buses may soon have to use one of the city's Oyster smartcards, or a contactless credit or debit card, as using cash could soon be phased out.

London bus passengers with both an Oyster card and a contactless credit or debit card should check their wallets to ensure the wrong plastic isn't charged, which could result in commuters paying extra.

Coins and notes will be used in less than half of transactions within five years, according to research out today.