Israel Bank: raised the threshold of the verification ceiling for a transaction to NIS 300

With the return to routine and store opening, some fashion chains could see big queues at the box office, some of which may have been due to the reopening after the closure period, but also as a result of customers having to find where they kept the card's secret code required for checkout credit.
These are funds that operate in a standard called EMV, where the consumer is required to insert the card into the terminal installed at the payment point (without the need to hand over the card to the cashier as it has hitherto), and enter a secret code - the same code used to withdraw cash at ATMs - when making a transaction. With considerable delays in relation to Western countries, Israel is also trying to implement the EMV standard, which is considered more secure and also allows the use of more advanced technologies, such as mobile payment.
"In order to improve the response to the Corona virus, and to further reduce contact with payment operations, the Bank of Israel, together with the various players in the debit card market, decided to raise the threshold of the verification ceiling to NIS 300." That is, from now until the end of 2020, if the amount of the transaction does not exceed NIS 300, and if the customer's cash and ticket support it, consumers will be able to make the transaction by attaching the card to the terminal without entering the terminal and without entering a code. A contactless transaction will also be made possible via a smart mobile device that supports this function.