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Wednesday, 5 November 2014

Major flaw discovered in Visa contactless cards


From Payment Eye

“The £20 limit on Visa contactless cards can be bypassed by making transactions using foreign currencies, security experts from Newcastle University have found.

Normally a PIN needs to be entered to authenticate larger transactions, but researchers – and potential thieves – are able to bypass this security step and charge as much as the equivalent of £999,999.99 in dollars, euros or any other foreign currency.”

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