COVID-19 Update 16th April 2020

Written by Marketing



As per our previous update, LCU continues to run business as usual and there have been no disruptions to any core services.. 

This week we warn our members to stay alert as scammers find new ways to take advantage during this pandemic.

In other news, we are pleased to advise that the daily limit for payWave (tap and go/contactless payments) is now $500 plus read below to find out what our newest staff member, Sally Boswell, is up to.  

Puppy Scams

With many of us isolated at home, there has been growing demand for puppies as people turn to pets for companionship. As with any trend, scammers are seeking to take advantage by posting fake ads, and securing fees ostensibly for transportation or other costs.

Make sure you're dealing with a reputable business or person before proceeding. Read more about typical puppy scams on Scamwatch:


Contactless Limits: Temporary Increase

The new $200 limit has started to be progressively introduced across certain cards and at certain retailers.

For more information on this change please click here

LCU Contactless Daily Limits: Temporary Increase

In line with the payment industry, we have also chosen to increase the total (cumulative) daily contactless limit from $200 to $500.

This change has now been implemented meaning you can spend up to $500 per day using contactless payment methods (payWave with your card, digital wallets etc)

Rest assured, we will continue to monitor your account through our predictive fraud systems and alert you to any unusual activity. It is vital that you continue to keep your card safe at all times to protect against theft and check your account often. If you lose your card or have any concerns about unauthorised transactions on your account, please contact us immediately. 

Hello, you've reached LCU, this is Sally

Sally has been with LCU since June 2019. During this time she has been working with different STEM groups to increase awareness of LCU and our membership base. Some of these groups include AIP, RACI, Women in STEM – Macquarie University, Women in Chemistry and other science organisations as well as local laboratories. Sally has also been working with different CSIRO sites to share the good news about LCU.

She has also been involved with Riverside Business Chamber and Community of Practice – Women in Business as well as other local council groups and has presented to high schools and teenagers on youth financial wellness and how to develop good money habits.

With the current lock-downs that are in place, Sally has been helping out with other tasks in the office. Be sure to say hello and welcome when she picks up the phone if you call!

Enquire Call 02 9859 0585