Smartphone app that allows credit card skimming ‘real risk’ to consumers: experts - National | Globalnews.ca

Smartphone app that allows credit card skimming ‘real risk’ to consumers: experts - National | Globalnews.ca: "A smartphone app, which allows the user to read credit card information through wallets and purses, is cause for concern amongst consumers that carry credit cards with radio-frequency identification (RFID) technology, according to experts.

The free app, available on the Samsung Galaxy S3 through the Google Play store, allows the phone to read the RFID chip on a credit card, picking up the cardholder’s name, credit card number and expiry date, according to a CBC investigation."

Way to go global payment processing plutocracy!