“A flaw in Visa’s contactless credit cards means they will approve unlimited cash transactions without a PIN when the amount is requested in a foreign currency. New research by experts at Newcastle University, UK, has highlighted a ‘glitch’ in the Visa system which means their contactless cards will approve foreign currency transactions of up to 999,999.99 in any foreign currency. Side-stepping the £20 contactless limit, transactions can be carried out while the card is still in the victim’s pocket or bag. Transactions are carried out offline, avoiding any additional security checks by the bank.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
India's third biggest gold fund reopens to investors
Syrian rebels’ pledge of allegiance to al Qaeda complicates Western intervention strategies
N.S.A. Said to Search Content of Messages to and From U.S.
Venezuela's airport 'breathing' tax
German Exhibit Hall Designed By Algorithms, Manufactured By Robots
GCHQ taps fibre-optic cables for secret access to world's communications, shares with NSA
Britain has left the European Union in all but name
Der Spiegel Laments The Rapid Spread of Printable Pistols
Washington State issues how-to regs on growing, selling marijuana
Body cam shows dad had hands up when cops killed his 6-year-old son
New sanctions on Iran introduced to Congress
Climate Change: Key mission for the US Navy
Norwegian student buys $27 in bitcoin in 2009, now owns an apartment
Swiss Fort Knox: Bomb-secure Backup
Ron Paul: Syria Intervention 'Beginning of the End' of 'American Empire'