[LINK] refusing contactless cards

[Roger Clarke]

At 0:52 +1000 2/8/13, Paul Brooks wrote:
>**In this respect** the technology is safer than the 
>contact-chip-and-pin, which if cloned allows the crook to get up to 
>your credit limit in only a handful of transactions, and if stolen 
>is open to claims you might have written your PIN down or allowed 
>them to see it in use.  (emphasis added)

Possibly so.

But this is chickenfeed in comparison with the enormous risk of 
undiscovered errors and fraud, as a result of statements containing 
squillions of transactions, many of them imcomprehensible because the 
merchant-names don't correspond with the shop-name, resulting in 
sheer impracticality of reconciling that many transactions every 
month.

-- 
Roger Clarke                                 http://www.rogerclarke.com/

Xamax Consultancy Pty Ltd      78 Sidaway St, Chapman ACT 2611 AUSTRALIA
Tel: +61 2 6288 6916                        http://about.me/roger.clarke
mailto:Roger.Clarke at xamax.com.au                http://www.xamax.com.au/

Visiting Professor in the Faculty of Law            University of N.S.W.
Visiting Professor in Computer Science    Australian National University