Maybe the suitcases are already packed: after the awarding of school certificates, the summer holidays start tomorrow in bavaria. Even more important than the right clothes and the toothbrush – you can buy everything locally – is money. Readers of this newspaper were given tips on how to put together the right vacation cash box during our telephone campaign on the subject of "safe travel". On the editorial phone, banking experts markus fosel (sparkasse bamberg) and johannes sebald (volksbank forchheim) answered our questions. The following is a summary.
There is so much talk about contactless payments with girocards or credit cards. What are the advantages and is it really secure??
The main advantage is the speed. On the one hand, there is no need to insert the card into a reader, and on the other hand, PIN entry is not usually necessary for amounts of up to 25 euros. It is enough to use the card ca. To hold the card four centimeters in front of the contactless card reader. Contactless payment uses the same high security mechanisms of the EMV chip as traditional payment methods with girocard or credit card.