Statute Barred definition - is there one?

[Never-In-Doubt]

Re: Statute Barred definition - is there one?

The normal payment can be up to 56 days after purchase. I could quite easily spend spend spend! (but don't) Depending on APACS the bank may not have complete sight of everything eg when a merchant uses floor limits.......

If sensitive, maybe it could be removed from prying eyes so viewers need to logon to view??

Payments of 56 days assume you spend / max out the day after statement. However with more cards being contactless banks have a much greater control than ever before. Nearly all banks use online cards now - as CGC (cheque guarantee) is dead, there's no need for offline cards now.

Merchant floor limits align with their PDQ which are usually £0 - £30 as they CAN get instant authorisation now. The exception is offline sales funnels such as Tesco 24/7 petrol (they take a £1 charge) or on trains/planes (also take a £1 shadow)....

I think for the sake of clarity we're using an extreme example. It's only a discussion - nothing private