Posted @ whirlpool - MasterCard Paypass and Visa Paywave 19

[blah] writes...
I can also make away with your wallet too and take all your cash too



Yup, and spend that $20 to $50 I occasionally keep in my wallet, how many times ?

That's right. Once.


My Magic Money Card and keeps on giving and requires no pin or signature in order to use it, is the gold mine for the desperate opportunist. Any cash found alone side it is a mere bonus.

I think this is done to death and should be stopped now.


Code for "my continued defense of and arguing for the paypass system that requires no pin or signature and allows me to lend my card to my best mate who doesn't qualify for credit, so he can head down to Maccas to pick me up a feed while I'm busy on whirlpool, has failed to suitably address either the gross insecurities of such a system or how unethical it is for the banks and credit card companies to push such a dangerously flawed system upon the public ... so the discussion should be stopped lest the POV shared that differs from mine gains too much support." ?

In short, you are on the losing side of the argument and so want the discussion stopped.

My view is that the more PAYPASS cards that are distributed, the more likely carriers of such unsecure cards will be mugged for them ... and violently so in order to get the maximum use of the card before they can be reported missing.

That the more PAYPASS cards that are distributed, the more likely carriers of such unsecure cards will, one way or another, end up sharing their card with someone else, coz it is "oh so convenient coz no pin or signature is needed".

The credit card companies don't really care for they will still be reaping the rewards of the transactions.

In fact, they are probably laughing very loudly to themselves when they think of how they have managed to come up with a way for unauthorised people to access credit while making the actual card holders responsible for it.

regarDS