You see, this speed carries one big penalty. Security. Not for the device, for you. The transaction is now so fast, it can’t be fraud-checked conventionally.
“Contactless” means just that. No contact from either side – counter or customer. There’ll be no alerts, no chance to stop a fraudster. Or is there?
I was an NCR IT field engineer. Every day, my boss would hand out repair tickets. These told us what IT system problems we had to sort out that day.
The boss never gave the guy the urgent jobs. He’d just take the tickets he liked. He must have taught a lot of people that trick. I see them everywhere.
Keepers of the process, the emperors of the end office. The checkpoint Charlies.
I can’t believe how fast this technology is developing. Everyone seems to be at it. Mobile is big and NFC seems to be flavour of 2011.
Well, I say you – but what I really mean is it doesn’t necessarily have to be you, just anyone who happens to have your phone.
And I’m really, really not happy about that.