Home / Early Warning / Cybersecurity Highlights / Visa contactless payment 'security flaw'

Visa contactless payment 'security flaw'

11/01/2014

Researchers at the University of Newcastle, UK, have released a security flaw in Visa contactless payment cards. This failure can be used to authorize transactions without manual authorization and up to $999,999.99 in foreign currency when the card is close to a POS terminal equipped with NFC card and even while the card is still within the user´s wallet.