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June 07, 2005

Wireless Credit cards

American Express has introduced "contactless"  wireless credit cards that you can wave in front of a sensor to make payments. The ExpressPay cards are said to make transactions 63 percent faster than using cash. The system uses Radio Frequency Identification (RFID) signals to capture information on your Credit Card to authenticate the transaction. Let's see how long it takes hackers to figure that one out!

via | Reuters

June 07, 2005 in Wireless |


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