[LINK] [PRIVACY] Re: Re: contactless cards thieves

[Scott Howard]

On Sun, May 22, 2011 at 8:42 PM, Michael Skeggs mike at bystander.net <
mskeggs at gmail.com> wrote:

> Stick it in a faraday wallet or don't carry the card if it is a
> concern. I expect if this is a real risk the banks will clamp down on
> it very quickly, as they are on the hook for any fraud under Aus regs.
>

Are they?

Historically it's been the merchant that has worn the cost of fraudulent
transaction, on the basis that it's their responsibility to authenticate the
person they are accepting the payment from is the same as the owner of the
card.

With contactless that's a lot harder to do, as there is no signature, and
checking ID is basically defeating the purpose of it being quick.

  Scott