Unfortunately, peak fraud is ahead of us with the widespread adoption of a poor implementation of RFID. The EU and ROW were wise to jump to chip and pin while the US dragged its feet for a decade with cashiers expected to be CSI signature verification specialists. But the move to pinless RFID rolls security back to the days when cashiers were expected to peer through lists of bad credit card numbers. Actually it's worse than that because card dup information is conveniently broadcast on 13.5 MHz, in the 22 meter amateur radio band. This is a great frequency for over the horizon broadcasting in summer. Not so good for secure communication over a distance that is supposed to be in the range of a few centimeters.
Its sad because properly implemented RFID has the potential for enhancing the security of paypoint transactions. This implementation will have so much fraud, people will forever associate RFID with fraud.