Consumers warned about no-swipe credit cards

Tuesday, 5 December 2006, 2:11 AM EST

No-swipe credit cards that use radio waves to relay their data put consumers at increased risk of identity theft, Sen. Charles Schumer said.

Tens of millions of no-swipe credit cards have been issued in the past year. When a customer uses the credit card to make a purchase, the card is processed by a radio frequency identification reader operated by the retailer.

At MSNBC.

[ Read more ]




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