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Chase Deploying "Touchless" Credit Cards

Posted by ryuzaki0 on from the trust-us dept.

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...."

3 of 373 comments (clear)

  1. Re:why not by Mr.+Bad+Example · · Score: 4, Funny

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

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

  2. Re:why not by gkuz · · Score: 5, Funny
    Do you keep your credit or debit cards in a protective sleeve now?

    Yes. It's called a "wallet".

  3. Re:why not by pyrrhonist · · Score: 4, Funny
    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.

    --
    Show me on the doll where his noodly appendage touched you.