Are Visa Contactless Cards Really that Safe

A flaw has been revealed in Visa’s contactless cards which may result in the approval of unlimited cash transactions without a PIN when the requested amount is in a foreign currency. Researchers at Newcastle University, UK have revealed the glitch in the Visa system which can enable the contactless cards to approve foreign currency transactions up to 999,999.99 in any foreign currency. In UK, these cards have a £20 limit per transa ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.