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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.)

4 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.