Well I just got a replacement card from my bank with contactless payment technology in, interesting conversation with them about why I just wanted one without. Eventually they agreed to send one out without it (did mention closing all my accounts with them).
I do not understand why they think this is a secure way of making payments? The blurb that came with it said your pin will be requested for the first few transactions but after that probably not required, this is a recipe for fraud albeit only upto £15-20 per transaction at the moment. No doubt limits will go up same way as they do on your credit card.
This reminds me of the incidents that Tesco had when the automated tills were first introduced, they didn't need a PIN to be entered for small transaction values, they got ripped off and had to modify the tills to require a PIN for all transactions.
De Ja Vu all over again..