Slashdot Mirror
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...."
Do you keep your credit or debit cards in a protective sleeve now? Why would that be any different?
A fine is a tax you pay for doing wrong and a tax is a fine you pay for doing all right.