Fraud concern on 'tap and go' pay system

A tap and go card in use. Picture: News Limited Source: News Limited

POLICE have warned "tap and go" contactless payment technology has given credit card thieves a new opportunity to steal other people's money.

Known as Mastercard PayPass or Visa payWave, the technology being rolled out by major banks allows the card holder to make a purchase under $100 by waving their card within 4cm of the card reader at the checkout.

The technology is used globally and no signature or PIN is required. Trials began in Australia in 2009, and major retailers now have tap-and-go card readers.

Detective Sergeant Natasha Leaman of Tasmania Police's fraud and e-crime division told The Mercury while the new cards had the same secure chip technology as regular cards, payWave had opened a new fraud window.

"We had a case just recently where an elderly man had his card stolen, he didn't realise for five days and the offender was able to use that card at stores where the payWave facility was available. It was a lot easier for him to use the card," Det-Sgt Leaman said.

Choice spokeswoman Ingrid Just said while new technology to increase consumers' payment options was welcome, there had not been sufficient public awareness raised about payWave before it was rolled out.

"One of the frustrations for consumers was they weren't given the option to opt out," she said.

Australian Bankers' Association chief executive Steven Munchenberg said PayPass and payWave saved consumers time and removed the need for a card to be handed over to a cashier.

Mr Munchenberg said consumers could identify a payWave-enabled card because all cards carry the Mastercard PayPass or Visa payWave logo. He said consumers still had the option of swiping.

Read the full story at The Mercury

Anda sedang membaca artikel tentang

Fraud concern on 'tap and go' pay system

Dengan url

http://duniasikasik.blogspot.com/2012/12/fraud-concern-on-tap-and-go-pay-system.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Fraud concern on 'tap and go' pay system

namun jangan lupa untuk meletakkan link

Fraud concern on 'tap and go' pay system

sebagai sumbernya