Last year a lot of credit cards were issued, cards that were equipped with RFID. As per researchers the cards are easy to use. The data is stored in a chip in the credit card and can be read by a reader.
The chip inside the card contains information like the name of the cardholder, the card number etc. all these details can be transferred as soon as the card comes near the RFID reader. There have been issues of loss of personal data with the use of such cards. To take this into account, Visa USA Inc. has now prohibited the transfer of information like the name of the customer while the use of such cards is made to make payments.
Another step taken to reduce the risk of theft of personal information is to reduce the frequency range. American Express has reduced the range for its Tripplett card. The purpose of all these steps is to prevent the theft of personal information and to make the transactions secure.
Via banknet360
