Consumers have been used to tapping and paying with credit or debit cards for years, removing the need to enter their cards into a supplier’s card reader and type in their PIN.
Typically, such transactions are limited to low amounts of money to prevent serious issues – for the banks in particular – should cards be used for unauthorised transactions, either intentionally or accidentally.
As with any new banking technology, initial take-up was slow due to perceived risks on the part of customers, with some people buying metal wallets or cases to act as Faraday cages to prevent their cards being read by malicious entities.
This is only a snippet of article written by
Read Full Article
This Content is Generated from RSS Feeds, if your content is featured and you would like to be removed, please Contact Us With your website address and name of site you wish to be removed from.
You can control what content is distributed in your RSS Feed by using your Website Editor.