Visa payWave
August 20th, 2007 | by Colm |Seriously, am I the only person who sees this as a security nightmare waiting to happen?
RFID tagged Credit cards? I thought the idea was to reduce credit card fraud, not make it easier?
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5 Responses to “Visa payWave”
By AvoidingLife on Aug 24, 2007 | Reply
From what I understand this is more in retailers favour. Said antenna is picked up by something on the store shelves. From your card they get your demographics and can tell what displays you are most attracted too! Scary stuff… very matrix!
By James on Sep 25, 2007 | Reply
and you don’t think they’d have thought of security issues? Really? You really don’t? Wow.
It useable a maximum of 4 times before you’ll be prompted for a pin, and has a max transaction value of £10.
So you can never be defrauded by more than £40, which the bank guarantees anyway.
But well done for bringing up something someone like Visa was bound not to have considered.
By Colm on Sep 25, 2007 | Reply
Well, snotty tone aside, I never failed to be surprised by the amount of companies/Governments who pay bog all attention to security issues.
So no, I’m sure they’ve considered security issues, just done sweet f.a. to deal with them.
By James on Oct 12, 2007 | Reply
“just done sweet f.a. to deal with them.”
They really have according to the site, and my knowledge of the systems mastercard and visa have put in place for this.
By Kazriko on Jan 27, 2008 | Reply
Is this RFID, or is it a contactless smartcard based thing? The visa websites say contactless smartcard, which would make it a little bit more secure at least.