Contactless -

Contactless Cards Do Not Need Extra Protection

Commonwealth Bank of Australia (CBA) says there is no need for cardholders to enclose their new contactless cards in wallets equipped with a protective shield. MasterCard PayPass and Visa payWave cards have triple DES encryption, while money cannot be taken directly as there is no stored value on the card, notes CBA’s Kelly Bayer-Rosmarin. She [...]

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