Ok, so I mentioned this RFID technology in my last blog, and I found this interesting YouTube video about credit cards that contain this technology. Most large credit card companies, especially American Express, Visa and Discovery have begun to put these chips in some of their credit cards. This is supposed to speed up the payment process, because you only need to wave the credit card in front of a reader at the checkout, no signature needed.
Sounds good eh? Well here’s the hitch. There are scanners that can be bought off Ebay online for $8 US which can read the chip and gain all pertinent information that is attached to the card while it is in your pocket. Your credit card information is stolen without the actual card missing.
So next time you get a call from a credit card company trying to sell you on the newest and latest credit card, you should proceed with caution because these issues haven’t been dealt with. Most credit card companies are continuing to distribute these types of credit cards, without responding to the problems.
Credit cards have replaced paper money because of the risks of carrying it when travelling; however actual money seems more attractive than these RFID chipped credit cards. Maybe you should only use it when you eTravel to keep your banking information safe.
Credit cards have replaced paper money because of the risks of carrying it when travelling; however actual money seems more attractive than these RFID chipped credit cards. Maybe you should only use it when you eTravel to keep your banking information safe.
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