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Oh we're past chips, and have NFC enabled credit cards. Which is even worse, see http://privacy-pc.com/articles/hacking-in-the-far-east-7-too...


Contactless only lets you spend 25 pounds(so I guess $30-40) in a single transaction, you can only do 5 a day(until you have to enter the pin), and it's impossible to withdraw cash using it. The card also won't surrender its data without a valid decryption key from an authorized terminal. I have absolutely no idea how you can even describe contactless as "worse" in this case.


Yeah, 'the trade body said fraud via the cards was "extremely low", at less than one penny for every £100 spent.' (bbc)


Well if we're on the topic of Japan, contactless lets you spend 20,000 yen (125 GBP) in one transaction.

Fraud is definitely a lesser concern in this country of lower crime rates. I'm afraid it will probably be tightened up as they globalise.




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