With Visa payWave, you simply wave your Visa card in front of a secure reader, and you’re on your way. Most of the time, a signature is not required for purchases under $25, plus, you retain control of the card during the transaction, which reduces the risk of fraud.
Engadget mentioned the rolling out of Visa’s payWave with a giveaway at a San Francisco Giants’ game to get people interested in their new ‘convenient’ payment device. RFID is all very well for a lot of applications like library books or security tags in stores, but for your VISA card? So let me get this right, for low value transactions, a signature is not required? And all you need to do is be close to the reader?
Continue reading Wave goodbye to your cash?