No-Swipe Credit Cards Pose Risk Says Senator

Credit cards that use RFID signals to conduct transactions could put consumers at risk for identity theft and credit card fraud, Sen. Charles Schumer, D-NY said in a press conference Sunday.

Schumer said thieves can use radio frequency readers to steal the credit card information.

“All you need to be is within a couple of feet of the customer,” Schumer said. “You may as well put your credit card information on a big sign on your back.”

Don’t worry, a thief would actually have to have a reader nearly touching your credit card to steal it. This is completely impossible, which is why no one has been able to invent pickpocketing. — BEN POPKEN

Consumers warned about no-swipe credit cards [AP]

No-Swipe Credit Card No Problem For Thieves
Foil RFID Thieves. Literally.
Long-Distance RFID Snagging Possible, Already Done