Mass surveillance comes about in small doses like this. But, they already have this tech +1 with your cell phones.

Seriously, that phone tracks your location, surf habits, can record you. It makes you a statistically tracked 'target' now. And if you deviate -it makes it that much easier to target you.

The scariest part is the selectivity they employ in using it.. They won't casually employ it because it's their ace up the sleeve. Plus, they can commit their own crimes which would otherwise be impossible if the general abilities of this system were widely known.

Echelon before cell phones too. Information dominance was achieved quite awhile ago.

If you want to consider how compromised our system is to blackmail and outright control, you're gonna go down a deep rabbit hole.

Less than 1% tap and pay transactions. Even if the tap and pay percantage of fraudulent transactions isn't high either, the scanner method described later on in the article is enough to completely disregard contactless cards, at least in my opinion.

Banks already use purchase data for marketing, this makes absolutely no difference. Also if your details are stolen as described then the bank's will refund you.

So they're basically complaining they don't have to put their PIN in anymore. Bet someone said the same when they introduced chip n PIN.

Dude, you know what would be really scary is if they could follow our movements through personal electronic devices we all religiously use and carry on our person at nearly all times...

I think my credit card has some wireless petty cash feature.

No store around can even use it.

And the only way I can add money to its account is by going to the bank itself (no cellphone), and since it's right next to the ATM...

I haven't had the heart to tell my bank how useless their 'revolutionary' new feature is, yet.

The daily mail is a tabloid. Please don't believe anything they say.

any other source for this? daily mail doesn't have a great reputation to say the least.

In 2014, it says that £2.3 billion was spent using contactless cards, of which only £153,000 was fraudulent.

Thats a hundred and a half thousand fucking pounds.