Do I need Credit Card Protection?

With the global roll-out of ‘wave & go’ payment terminals teamed with the roll-out of Radio Frequency Identification (RFID) enabled credit & debit cards, there has never been a more prevalent time to have Credit Card Protection.

If you own any cards with the following symbols:

MasterCard PayPass*
VisaCard PayWave*
Amex XpressPay*

Then your cards carry a microchip and are RFID enabled. This RFID technology has its vulnerabilities and criminals exploit those to hack the cards and often can gain your personal identity information.

We understand the financial institutions will guarantee against and fiscal fraud# from your RFID enabled cards, however that says to us that….

The banks know that the technology has its vulnerabilities but are committed to the roll-out and these measures are to help minimise the risk and hopefully make their customers feel at ease using the ‘tap & go’ payment gateways and not think about the very real possibility of fraud happening to them.

Just do a Google search for RFID credit card skimming and you will see many examples & stories.