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."
Read more of this story at Slashdot.
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Are Contactless Payments Really Secure?
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