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I wouldn't say it's the same security - presumably the contactless chip is much harder to copy than the old magnetic stripe.
by DangerousPie 9y ago
I wouldn't say it's the same security - presumably the contactless chip is much harder to copy than the old magnetic stripe.
- ahmeni 9y agoContactless transactions generate a one-time use code, they're much more secure than your standard magnetic swipe.
- sametmax 9y agoNo they just have different issues. They both allow the card to be used when stolen. Magnetic band can be duplicated. Contact less allow people with a portable modified machine to request transaction without the owner knowing.