I don't think there too much risk in that (1) the cards are relatively low power and need to be in close proximity of the reader, (2) there's no credit card data stored on the card itself (there are encrypted codes that are sent to the reader. The reader decrypts the codes, but needs to relay those codes through to the processor in order for the transaction to be charged and approved.) I have paypass from Citi and it works in the same manner, except that they use a keyfob.
Reader Comments (Page 1 of 1)
e @ Dec 19th 2005 12:21AM
I don't think there too much risk in that (1) the cards are relatively low power and need to be in close proximity of the reader, (2) there's no credit card data stored on the card itself (there are encrypted codes that are sent to the reader. The reader decrypts the codes, but needs to relay those codes through to the processor in order for the transaction to be charged and approved.) I have paypass from Citi and it works in the same manner, except that they use a keyfob.