Contactless payments have unique security risks

Contactless payments have unique security risks
Tags: C-stores, Card Readers, Security, Self check-out systems, Specialty Stores
August 8, 2005

ePaynews.com: With Datamonitor predicting the market for contactless payment tokens to grow by 47 percent through 2009, contactless smart cards appear to be moving into the mainstream market. Security remains a contentious issue, but the card associations appear to be prepared to assume some of the risk by waiving mandatory PIN entry or signatures for relatively low-value contactless transactions.