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Why does Octopus Cards Limited not accept the reporting of a lost Standard On-Loan Octopus?

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Why does Octopus Cards Limited not accept the reporting of a lost Standard On-Loan Octopus?

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A Standard On-Loan Octopus is transferable and valid for use by anyone. Our system does not hold any information that can verify the identity of a Standard On-Loan Octopus holder. The Lost Octopus Reporting Service is offered only to AAVS users and Personalised Octopus holders.

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