How safe are contactless payment systems?

June 20, 2005

CIO Insight: With contactless payment systems on the rise, security pundits are weighing in heavily on their safety. 7-Eleven chief information officer Keith Morrow said that RF chips can only be "seen" within a range of two inches, but an advisor for Shell Canada claims that the RF tags most often used in the U.S. can be read about 33 feet away.