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Radio Credit Cards Move Closer

Posted by timothy on from the walk-by-mugging dept.

pvt_medic writes "CNN.com has an article about research that some major credit card companies (MasterCard and American Express) are putting into creating 'contactless' credit cards. These are similar to the Speedpass that ExxonMobil has been using for six years. What to people think about the prospect of this more widespread use of RFID? Is this something that will only lead to more credit card fraud, or will it provide more secure means of payment?" (The article comes from the Associated Press.)

17 of 295 comments (clear)

  1. Rejoice! by drewbradford · · Score: 5, Funny

    This will make charging people to walk past my house much easier. In the past it's been tough for me to collect the $50 that I charge.

    1. Re:Rejoice! by G-funk · · Score: 4, Funny

      Sigh, why did this guy get marked as a troll?

      Yeah I agree... Sure, if he wanted to charge people to walk over his bridge, but past his house? Cummon, people! :-)

      --
      Send lawyers, guns, and money!
  2. Faster than cash? by Isopropyl · · Score: 5, Funny
    "In some instances it's faster than cash," said Betsy Foran-Owens, a MasterCard vice president. "You're eliminating the fumble factor."

    I agree. Nothing's more annoying than handing someone $10.15 for a $5.15 bill and watching the other person take out a calculator.

  3. No Problemo by the+eric+conspiracy · · Score: 5, Funny

    I predict a booming market in shielded wallets.

    1. Re:No Problemo by niko9 · · Score: 3, Funny

      Bah, the hackers will make their own

      Scroll to the middle of the page.

  4. Bring'em On! by Jah-Wren+Ryel · · Score: 2, Funny

    I have *the* patent on lead-lined wallets (and tin-foiled lined ones too) so I say the sooner these wireless cards come to market the sooner I can become a rich man!

    --
    When information is power, privacy is freedom.
  5. In other news... by JiggsJedi · · Score: 2, Funny

    ...tin foil panties being showcased in VictoRFID's Secret...

    --
    Women are like internet domains. All the ones I like are taken, but I can still get one from a strange country.
  6. Screw Credit by gmhowell · · Score: 2, Funny

    Screw credit cards, I always carry plenty of cash.

    --
    Jesus was all right but his disciples were thick and ordinary. -John Lennon
  7. Re:What if you've got multiple cards? by Anonymous Coward · · Score: 1, Funny

    Isn't it obvious? It will use all of them. Bill each one. Because we all know that everyone uses the same PIN for every card. And how are you going to refute that?

    VISA Customer Service: "Did you actually buy that item? Were you actually in the store?"
    Customer: "Yes and Yes. But I got double charged!! I got charged on both my VISA and my Mastercard, but I only bought one item!"
    VISA Customer Service: "That is obviously a Mastercard problem. They shouldn't be doing that! You had better call them!"

    ....30 minutes of call support later....

    Mastercard Customer Service: "That is obviously a VISA problem. They shouldn't be doing that! You had better call them and get them to fix it!"
    ....30 minutes of call support later....

    VISA Customer Service: "I am afraid that we cannot refund you your money for an item that YOU purchased."

  8. 2066 by Dylancable · · Score: 2, Funny

    In next issue, How to create a wifi cc reader.

  9. My Wallet by KalvinB · · Score: 3, Funny

    now wears a tinfoil hat.

    Ben

    --
    Work Safe Porn
  10. Well lets see...Moo...ving money. by Anonymous Coward · · Score: 2, Funny

    "Nothing like tapping into the cowstomer's (sic) impulse buying, especially in the US."

    I believe that Gateway has a patent on that.

  11. Re:Well lets see... by The+Clockwork+Troll · · Score: 2, Funny

    I suspect there are no Hardee's or Carl's Jr. chains in San Marino or Burkina Faso.

    --

    There are no karma whores, only moderation johns
  12. Re:Eventually cards will replace cash by Anonymous Coward · · Score: 1, Funny

    No more bills or coins. ..and when change is outlawed, only outlaws will have change :)

    So beggers will be issued RFID readers allowing you to give them money :)

  13. Re:Well lets see... by Anonymous+Coed · · Score: 2, Funny

    Actually what I do is "Y'know, I don't REALLY need this 25 pack of CD-R's right now. I'm going to drop it wherever I happen to be standing and just leave the store."

  14. Re:Bio methrics by Anonymous Coward · · Score: 1, Funny

    Yeah, i can see now....Pay for it with arm and leg will have a whole new meaning

  15. Re:Well lets see... by Dark+Bard · · Score: 2, Funny

    I use to have something that could bleed my account dry without any input from me. It was called a wife.