Comment Re: As much as I hate Apple (Score 1) 187
This is actually more of a problem than a solution, low transaction amounts are more likely to be missed by a person, here is a quote from the terms and conditions of a credit card I assume most have similar clauses:
You are responsible for checking your statements to ensure their accuracy and advising us of any mistakes, even if you are not at the address to which you have requested us to send statements. If you do not notify us of a disputed transaction within the time period stated below, then the charge or record of the transaction will remain on your account. If you wish to dispute any transaction recorded in your monthly statement, you must notify us in writing within 30 days of the statement period closing date, giving the following information:
I am very likely miss a $20 transaction on my credit card statement and not at all likely to miss a $2000 one. So I am likely bare the burden of the crime. If they are really that secure why not have all transactions contactless no pin.
I also am interested in knowing if I increase the power of transmission and the size of of the antenna can I increase the range on NFC, Yes it may violate safety standards, but I am sure criminals won't be too concerned.
What really annoys me is I should have a choice of if I want contactless enabled or not, I don't appreciate it being rammed down my throat if I have a credit card, it could simply be an option on the server side saying allow contactless/pinless transactions. When credit card is upgraded I intend to ring my bank and question every transaction under $80, every month.
Yes I understand there are a lot of insecure things about credit cards, but I don't need another.