Plusfile RFID Protection Products put an additional line of defence between your personal and financial identity and the criminal element.
RFID - Radio Frequency IDentification is the technology behind "contactless debit, credit and prepaid cards - payment cards that can be used by tapping a point of sale (POS) terminal or waving the card near the terminal - have been issued by major banks around the world since 2007. Also referred to as “tap and pay” or “tap and go,” these cards feature an embedded NFC (Near Field Communication) antenna and chip ... which allows the card to exchange payment credentials to an NFC enabled terminal with just a wave or a tap. They are touted for both speed and convenience mostly because no signature or PIN is needed. In addition, transaction amounts using this capability are typically limited to $25 or $50, consistent with the waiving of the need for signature for mag stripe transactions for those amounts."
"Contactless cards are very common in most developed countries.... In Australia (2016), 66% of cardholders have a contactless card that allows them to tap and pay. Industry data reports that 53% of the Australian cardholders use their cards as tap and pay at least once a week."
ePassports also utilise this technology to make passing through immigration and customs a whole lot faster.
Sure - if you do some internet research, you will see pages of information claiming that ID theft via RFID skimming is not a problem. But, you will also see that most of these reports are from the USA - where RFID has not taken off - yet!
"For the past few years, card issuers and payment companies operating in the US have spent much of their time and resources on EMV updates to their infrastructure. While contactless payments were being adopted in other countries, the US market, for the most part, put the initiative on the back burner...
As chip cards issued in 2014 and 2015 begin getting replaced this year (2018), the new cards will most likely be contactless. In fact, according to ABI Research, US contactless card shipments, which numbered 25.7 million in 2016, are projected to surge to 229.6 million in 2021."
As Americans start adopting the contactless payment systems, you will see a sharp rise in identity theft via this means. This is because the "hit and miss" ratio for thieves will increase dramatically as the new card system is adopted. As we all know, what happens in the US, follows globally very quickly.