Security researchers from Newcastle University have discovered a flaw in Visa contactless payment cards which allows a criminal to steal money.





Visa Contactless Payment Cards ?

Visa contactless payment card is a smart payment card with sensors. That means you can make small payments quickly and simply without even putting in your PIN.





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Researchers said "Card has an inbuilt limit, currently in UK that is £20, above that the card will say "no". And what we found is the card will approve a transaction that is much higher than 20 pounds, but in a foreign currency."





Visa says "This does not take into account the multiple safeguards put into place". They said it actually be very difficult to complete a fraudulent payment of this kind outside a laboratory environment. But the researchers claim, what they found actually is potentially a serious vulnerability.



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