Possible breach found in contactless card security

ePaynews: A group of U.S researchers has issued a report warning of a potential security loophole in RFID contactless payment cards.

The researchers, working for the Council for Security and Privacy, carried out tests with 20 RFID-enabled credit cards to see if they could read data being transmitted over the air. They then demonstrated to a New York Times reporter that the cardholder's name and other data, which could include the card number and expiration date, were leaked in plaintext to an unauthenticated card reader.

Read more