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"I have some faith in the credit card companies," said Henry Holtzman, a research scientist at the Massachusetts Institute of Technology's Media Lab who started Presto Technologies Inc., a now-defunct company that sought to develop in-home applications for RFID tags on consumer products. "I trust them because fraud is a serious issue they have to deal with."

--- Thanks for the post, good reading though. I would never use a card like that, someone could make a fake counter top that has an RFID reader under it. Imagine putting your wallet on the counter and it reads everyone of your credit cards cause they are all RFID??

Imagine putting your wallet on the counter and it reads everyone of your credit cards cause they are all RFID??

Yeah, this just screams fraud.

Of course cash is not susceptible to this kind of potential fraud, but banking institutions would clearly love for us to go cashless. This is definitely a step in that direction.