Crackdown on contactless card security flaw welcomed by MPs

City watchdog to tackle weakness that allows fraudsters to make ‘tap and go’ payments months after cards are cancelledThe City regulator has set out measures to tackle fraudulent payments on contactless cards which have been reported lost or stolen.In a letter to the Treasury select committee, published on Thursday, the Financial Conduct Authority (FCA) said consumer losses on contactless payments were relatively small but in some circumstances cards could be used by a fraudster seve