In recent years technology has had a dramatic effect on how people do their banking and their relationship with their bank. Cash is becoming increasingly less common in daily transactions as customers use the "tap and go" function of their debit or credit card for transactions of less than $100. Bank West has taken contactless payments further with their "halo", a ring that performs the same function as a traditional card. Tap and go cards and now the halo poses challenges to the effectiveness of the e Payments Code to protect cardholder and merchants.

Does the e Payments Code apply to transactions using tap and go and halos and is the Code effective in regulating the associated risks and disputes?