Hacking Contactless Payment Cards

Contactless payment cards, which use embedded radio frequency identification technology to complete credit and debit transactions wirelessly, may offer more security than the traditional magnetic stripe card, but they’re not impervious to attack.

That’s not to say that strong countermeasures aren’t available in cards issued by the major credit card brands. The key security elements in use today include methods of validating the card and reader as well as the use of triple DES encryption of message data and issuance of a dynamic card verification value (DCVV) that securely validates each transaction with a unique code.

Read the article HERE.