Re:Privacy – Forget Your Credit Card
by fantispug on Friday March 25, 2016 @05:14AM
(#11359139)
Paywave/Paypass is about convenience, rather than security. It is less secure than chip and pin.
Fraud was a lower risk to credit card companies in America because [1] they were better at detecting and preventing fraudulent transactions, and were better at passing on the costs of fraud to retailers and consumers.
Fraud was a lower risk to credit card companies in America because [1] they were better at detecting and preventing fraudulent transactions, and were better at passing on the costs of fraud to retailers and consumers.
[1] http://www.economist.com/blogs/economist-explains/2014/10/ec...