CC safety
Just received a new VISA card equipped with the 'touch reader' technology. Says we only wave the card over the reader for payment. That seems a bit dangerous to me - if the reader can read the wave...
Forum Discussion
Gdetrailer wrote:1492 wrote:
As mentioned, contact-less credit card transactions are about as safe as using the card's chip insertion method. They both use the same encrypted transaction technology generating a one-time token. Most of the RFID fraud concerns from contact-less credit cards have been debunked as myths.
Personally, I will always use touch credit transaction first, and only use the chip insertion method if not available.
Nope.
Not any safer than using the mag stripe..
Skimmers have gotten significantly better over the last few yrs..
I have no idea what you are referring? I'm talking about touch credit card readers. RFID enable CC uses the same technology as chip. So not following your skimmer example? If that were the case, than using chip based insertion would be just as vulnerable. BTW, the model in your photo example does not have built in RFID contact-less reader in the first place, so not understanding the point.
In any case, show a example of RFID touch credit card used in a successful fraudulent transaction? One that doesn't involve a merchant.
BTW, I never swipe my card, even if the chip does not work the mentioned three times. This is a an issue I've experienced with TDBank credit cards as they use a thinner plastic. No issue using contact-less RFID method, but TDBank cards sometime fail to read using chip insertion method at stores like Home Depot or Harris Teeter. I just end up using a different card.
