Applying for a Credit Card? Find out about RFID Technology!
In continuation of the topic on non-swipe credit cards, or cards based on Radio Frequency Identification principle, we will speak on the possible drawbacks and even threats of fraud that this technology may carry. The idea to turn to this very aspect of the technology and to profoundly develop it has not come to us by itself. One of our readers, commenting the article on the non-swipe cards, drew out attention to some very smart tricks that fraudsters use to read off the personal and credit information on such plastics without even touching them.
It appears that actually no swipe credit cards present a great risk of a customer becoming victim of ID theft, regardless of the fact that they stay in your own hands under visible control.
How can a non-swipe credit cardthat has already provided a substantial market to all big card issuers endanger your identity? How can it possibly happen when the main idea of creating such technology was to protect you from ID theft and fraud and only then to give more convenience?
Mr. Walt is sure that contactless credit cards can lead to ID theft as they can be read off with any card reader which is publicly available. He got proof of its availability by requesting a manufacture for a test model - he was sent one immediately.
So, theoretically, anyone who bears criminal intentions in mind can go outside with such a card reader and scan your credit card for your name, card number and expiration date.
The greatest risk of becoming victim of ID theft is incurred in a store when you queue up. The fraudulent operation is usually carried out by two criminals running together. One is standing nearby with a card reader which, would you believe, allows to relay the transaction to a distant reader.
The distant reader carried by the second criminal is acquiring all the information from your plastic needed to make a transaction and transfers it to a fake credit card. So, your money is actually stolen from the account right under your nose!
Mr. Walt suggests using an Identity Stronghold Secure Sleeve for guaranteed protection of your identity. It is sort of a boot designed to protect a single identification, a debit and credit card, which ensures that any invasive communications, relaying or tracking of ID, do not occur.
If you have chosen to apply for a contactless credit card, find it out if the bank provides these sleeves to its customers. As you can guess, the manufacturing of such products is rather costly, so not all banks can afford assigning means, especially with the current developments on the credit card market.
However, Mr. Walt assures that you can find Security Sleeves online and obtain them for your credit card or passport to avoid hurting your identity and ensure credit crime protection.
Radio Frequency Identification has already become part of the modern society, but you have to make sure you use it for your convenience and advantage.