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To: Earlie who wrote (24361)2/25/2005 10:01:12 AM
From: shades  Read Replies (2) | Respond to of 116555
 
Free money floating in the air!

yro.slashdot.org

VISA To Push RFID Credit Cards

Posted by Zonk on Friday February 25, @08:46AM
from the tossing-your-money-into-the-aether dept.
BobPaul writes "ZDNet is running an article about VISA's plan to incorporate RFID tags into Credit Cards so that "consumers need only wave credit and debit cards within a few inches of a reader to complete a purchase. And for purchases of less than $25, no signature is required." VISA claims their system is very secure, stating that "Each transmission between card and reader has a unique code that cannot be reused even if it is intercepted," but isn't that very similar to how TI's car RFID system was made?"

One of the comments:

What protects consumers from fraudulent merchants waving some kind of electronic cash-sucking wand by your back pocket which contains your wallet which contains your RFID Visa card? There's no mention of this in the article at all!

It's a standard scam now for an unscrupulous merchant to charge millions of people a small amount of money fraudulently with the hopes that the vast majority won't even notice. Imagine what they will do when all they have to do is walk around a mall waving something at people purse's and backpockets!