The Downside of Contactless Payment

https://www.youtube.com/watch?v=elBWoMXt3WY Contactless payment systems are credit cards and debit cards, key fobs, smartcards or other devices which use RFID for making secure payments. The embedded chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. Some suppliers claim that transactions can be almost twice as fast as a conventional cash, credit, or debit card purchase.

At the same time the thief have also become smart. They have devised methods to copy customers card details on their devices. This video shows how the theft takes place in the real world.

 

https://www.youtube.com/watch?v=bUz6oe6AlFs

 

https://www.youtube.com/watch?v=uAsCDSJMoX0