One side of the story – The Financial organisations
On the one hand the financial & card issuing companies are saying they have implemented adequate steps to protect you and your data through encryption, transmission id’s & guarantees saying they will pay back any fraud from this ‘tap & go’ technology incurred by the customer.
We applaud the financial institutions by offering this protection. But it also makes us wonder if what we are being told is the entire truth.
By limiting transaction amounts, offering fraud guarantees and the like, kind of says to us that ‘yes there are concerns around the safety of using RFID technology or transmitting data across the airwaves, but we are rolling the technology out regardless.
Our view is if the technology was as safe as they claim, why then can we not spend more than the capped $100 on a card like other means of transactions for example with a pin number.
Why too has the US Govt stated that all government issued RFID enabled I.D.’s & building entry passes of certain security agencies & Dept of Defence have some type of RFID shielding protection.
Sounds a little suspect to us that the technology is NOT 100% secure don’t you think.