Slashdot Mirror

← Back to Stories (view on slashdot.org)

Are Contactless Payments Really Secure?

Posted by ScuttleMonkey on from the tin-foil-pants dept.

berberine writes to tell us Ars Technica has a closer look at whether the RFID technology behind many of the up and coming "contactless payment systems" is robust enough to prevent account fraud and the theft of personal information. "Concerns over the security of contactless systems were heightened last week by a Federal Reserve decision that will allow for even more casual, low-cost purchases to be made across the country. In recent years, credit card companies have waived their signature requirements for so-called "small ticket" items in order to get a slice of the action. Visa, for instance, doesn't require your signature for purchases at or below $25."

4 of 186 comments (clear)

  1. I dunno..... by Anonymous Coward · · Score: 2, Funny

    maybe??

    --
    Jaap van Ballspoogen

  2. *looks at watch* by overcaffein8d · · Score: 2, Funny

    It's time for a RFID-blocking wallet!

    --
    Those of us who think they know everything annoy those of us who do.
  3. Re:ofcourse.. by Idbar · · Score: 2, Funny

    Typical /. user... showing off about their knowledge on "contact-less sex".

  4. Re:Put another way -- Money is created from Debt by Anonymous Coward · · Score: 1, Funny

    Or to put it in simpler terms:

    "No, no, you're thinking of this place all wrong, as if I had the money back in a safe. The money's not here. Your money's in Joe's house, right next to yours. And in the Kennedy house, and Mrs. Macklin's house, and a hundred others Why, you're lending them the money to build, and then, they're going to pay it back to you as best they can. Now what are you going to do, foreclose on them?"