Mon 23 Oct 2006
Because I can read what's in your wallet! The NYT writes that RFID on a credit card is a bad idea! Give'em a genius award. Kudos to the researchers who put together the $150 hacker kit.
http://www.nytimes.com/2006/10/23/business/23card.html
Oh yea, the companies say - but this doesn't mean our card.
October 23rd, 2006 at 12:25 pm
“This is almost akin to somebody standing up in the theater and yelling, ‘Fire!’ because somebody lit a cigarette.”
Most theaters don't allow smoking, and in some states it's even illegal. So yeah, it is sort of like that. Good to see that the credit card companies have a healthy understanding of the problem.
October 23rd, 2006 at 6:09 pm
The credit card companies have been handing out accounts like … the credit card industry, carpet bombing everybody with offers; at points, I've been getting three or four a week (not to mention the "convenience checks" with massive interest rates my *current* credit providers send me without me ever asking. The credit card industry then uses its considerable lobbying power to get a law passed so that the people they inadvisably offered credit to will be forced to virtual indentured servitude in order to pay back all those "gifts" to themselves the companies urged them to buy.
Against this backdrop, they've been jacking up the fees for all the services they provide.
It's never been about your convenience, it's always been about their convenience. F*ck 'em.