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But an investigation has found that the 15million Barclays customers using the cards could fall victim to criminals, who can steal the user’s name, long card number and expiry date. Channel 4 News showed how holding a smartphone fitted with simple software over a wallet was enough to obtain card details....Read more here--: http://www.thisismoney.co.uk/money/c...artphones.html
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'Electronic pickpockets' targeting contactless credit and debit card holders with smartphones
Millions of bank card holders could have their details stolen by ‘electronic pickpockets’ who brush past wallets with a mobile. Data from Barclays’s new contactless credit and debit cards can be extracted using specially-designed software on smartphones – and then used to buy goods on shopping websites. The contactless cards, billed as the latest in payment technology, contain a chip so that when the card is held up to a reader in shops a payment can be made without needing to enter a PIN.
But an investigation has found that the 15million Barclays customers using the cards could fall victim to criminals, who can steal the user’s name, long card number and expiry date. Channel 4 News showed how holding a smartphone fitted with simple software over a wallet was enough to obtain card details....Read more here--: http://www.thisismoney.co.uk/money/c...artphones.html
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#15corpio commentedEditing a commentContactless turn-off: Lack of appetite for tap-and-go bank cards as fraud fears mean consumers stick to cash It was billed as the future of making small payments in shops – you could buy your coffees and lunches with a swipe of a card over a terminal, rather than fiddling around for cash or tapping in your pin number. However, the lack of appetite for contactless technology continues to be demonstrated across the country according to research, with just 17 per cent of people saying that a ‘cashless’ future would make their lives easier.The survey from independent ATM operator Bank Machine, which obviously has a strong interest in the future of cash, also found that more than half of current account customers have no idea whether or not any of their bank cards are even enabled for contactless transactions.....Read more HERE
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