Most consumers are unaware someone can walk by and steal credit card or passport information in a few seconds. It's more important than ever to be aware. If credit cards have the new RFID chips in them, they're at risk for electronic pick-pocketing.
RFID is a controversial technology that uses an imbedded circuit to store valuable information from a credit card that can be transmitted wirelessly to a merchant.
By October 2015, all new US credit cards and passports will
Contactless Theft On The Rise As Banks Shift to RFID Enabled Credit Cards Experts Predict Rise In Prices As A Result. Retailers May Be Forced to Raise Prices To Compensate for Loses Beginning in October 2015, all major US banks will be changing from magnetic strip to RFID chip enabled cards. The chips enable buyers to use a system of wireless payment devices at stores, speeding up the check out process. These cards are faster and easier to read at the check out counter, an