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I've just backed this, looks like a brilliant idea.

My father in law apparently received a letter from his bank (one of the big five) informing him that even though the scheme limit has increased to £30 his limit would remain at £20 per transaction.

I haven't seen the letter so I can't comment for sure but I wasn't aware that this was a decision that the banks could make?

Well BlackBerry Messenger is definitely a blast from the past, I can't imagine this will be used too much.

I don't think that the lack of uptake should be seen as a failure on the service, I think it works really well. The key is, as with all of these kind of things, is the education of it's potential users.

I dream of the day when I can pay my window cleaner via PayM rather than having to remember to withdraw cash.

Not ignoring any of the potential issues with a kitty (which would be the same with cash) I think this is a great idea.

My fiance and her 10 other friends put money together to buy birthday presents for each other. Each time one friend is nominiated to buy the gifts and the others pay money directly to their bank account. This could be an interesting way of doing it going forward.

I'd agree with the previous comments. I used CASS for the first time last month and found it faultless, the reason I hadn't used it before was because I had no reason to switch.

@Bjorn -  of course, I hadn't even thought of that aspect of it. Probably a good thing I don't work in Financial Crime!

My assumption is that the card acts in the way an RCA token would within two factor authentication. The first is the various passwords used to log in to the mobile app and the second is the card itself. There are a number of scenarios where a fraudster/criminal would have access to one of those things but rare that they would have both.

I agree that this is a terrible crime but I'm unsure what banks can do to mitigate the risks and therefore accept liability. The fault seems to be with the telephone line providers in providing a service that facilitates this type of fraud.

Two genuine questions, what could banks to do combat this and should banks accept the liability in this scenario?

Also worth noting that it will soon be mandated (December 2016) that debit cards issued in the UK must be contactless enabled (or a different contactless solution provided when issued).