Chase Deploying "Touchless" Credit Cards

Rick Zeman writes "As reported by Money Magazine, J.P. Morgan Chase, the US' 2nd largest bank, is rolling out 'contactless' credit cards, presumably using RFID technology. 'The new payment method doesn't require a customer signature, making it more convenient and time-saving for consumers' which leads me to wonder if the next crime wave of the future will be criminals walking through crowds with readers to grab customer info. Chase says, however, that 'new cards are embedded with encryption software to prevent duplication and data theft' but since RFID has been cracked before, and the criminals are usually more clever than the vendors...."

Comments

Watch out!

[E IS mC(Square)]

Your fingers or eyes (what whatever part of your body they are going to use for authorization eventually) are in danger!!

without R'ingTFA, I'll finish the statement..

[brxndxn]

...a brand new set of legal case templates will be opened up to the money-grubbing lawyers. And, there will be more lawyers!!! YAY!!!

Re:To be fair

[gkuz]

lot of these cards end up failing due to extremities that cause deformities in the RFID, rendering it completely useless

What are you talking about? Extremities that cause deformities? Is this when your ass is so fat it deforms the credit card in your wallet?

Re:why not

[Mr. Bad Example]

I prefer to store it in a shielded sleeve before I use it.

Oh...you're talking about your credit cards. Sorry. Carry on.

Re:why not

[gkuz]

Do you keep your credit or debit cards in a protective sleeve now?

Yes. It's called a "wallet".

Re:Armchair cryptographers; Slashdot AP wire

[mr_snarf]

I design armchairs for a living you insensitive clod!

Re:Armchair cryptographers; Slashdot AP wire

[Joe Random]

I design armchairs for a living you insensitive clod!

*sigh* A golden opportunity wasted. The correct response to the phrase "armchair cryptographers" would have been, "I encrypt armchairs for a living, you insensitive clod!"

Phish-pocketing

[lawpoop]

Nowadays, a pickpocket bumps into you to distract you from the hand going into your pocket.

In the near future, all that a pick pocket has to do is bump into you and he's got your entire wallet.

I dub this "Phishpocketing".

Re:why not

[pyrrhonist]

Magnetic strips haven't been prone to rubbing off in years.

Uh, no. Even when they're in the sleeves, some of the strip still gets rubbed off. The friction just isn't as bad as when it's sleeveless, and they actually survive 3 or 4 years without having to be replaced.

Perhaps that's why the only people I see who have to laboriously pull their cards

Laboriously? It's not like you're trying to break into Fort Knox. You just pull the card out.

out of those stupid sleeves are old farts.

You really should talk to a counsellor regarding the hostility you feel towards inanimate objects and the elderly.

Re:Few Details

[Anonymous Coward]

Maybe he's a /. editor.

Re:why not

[Anonymous Coward]

I don't have to. I'll just keep it in my hat.

Re:why not

[d474]

Do you keep your credit or debit cards in a protective sleeve now?

No, but I keep it in my protective hat. Yes, the tinfoil one. Quit laughing, it works!

Using a sandpaper wallet was your big mistake n/t

[Craevenwulfe]

Using a sandpaper wallet was your big mistake n/t

Re:why not

[laplandsix]

Man, I don't know if you guys are the assles variety of nerds or what. I don't sit on my wallet, I sit on my ass, and my wallet isn't anywhere NEAR where my ass touches the seat. Maybe you guys need to pull up your pants.