Europe has been a focus of this activity and migration has occurred in most countries, but these are not the only countries where the new technology is used. In many instances, magnetic stripe cards can still be used for payments when you physically present the card to a person, like at a restaurant.
credit card payment
To get a credit card, you have to apply to the issuer and be approved, as if you were getting a loan.
The security put in place by the payment brands and issuers prevents contactless credit card fraud. It combines features of the smart card technology in the card with the same debit and credit network that processes all other transactions to create many layers of protection for you.
Plus, your contactless payment cards are protected by the same Zero Liability policies that protect your magnetic stripe consumer credit and debit accounts.
Since the cards are designed to be read within five centimeters from the terminal, a criminal would have to get extremely close to you with a reader.
But remember, the issuer of your card and the payment brands have put security measures in place to protect you, so even in the unlikely event that a criminal has read something off your contactless card, he or she can't do anything with it.