On/off switch for contactless credit cards eliminates virtual pickpocketing

A new breed of credit cards featuring contactless payments using RFID or NFC technology is just around the corner but some are already concerned about how easy it might be for thieves to intercept a transmission or initiate their own while the card owner is none the wiser. Researchers at the Pittsburgh Swanson School of Engineering have developed a very simple solution that aims to eradicate this risk before it ever happens.
The idea of a contactless payment system is appealing for a few different reasons. Users are less likely to have their card information stolen when submitting the plastic for payment, say at a restaurant, where the card typically leaves the table for a few minutes. Also ... »read more

More at: TechSpot Add additional source