There is a new type of credit card that is available developed last year called a contact less credit cards that allows consumers to charge items using their credit card but without actually signing a credit card receipt. The technology called RFID or Radio Frequency Identification allows scanners to use radio signals at various distances to read personal information regarding your credit card on a computer chip. The new credit cards can transmit your name, credit card number and expiration date to anyone that is located relatively close to you with a scanner.
The RFID technology has been used for years for tracking shipments and storing inventory. The contactless credit cards can be scanned without having to remove them from your wallet or pocket. The Visa contactless credit cards use an encrypted security code to verify a transaction that is supposed to protect against certain types of fraud but doesn't protect against someone getting your name and credit card number.
New versions of the Visa contactless credit cards do not transmit the consumers name during the transaction. Contactless credit cards either have a visible microchip or vertical wave bands on the front or the back of the card.
I won't be signing up for a contactless credit card. I still pay for everything with cash. I only use my credit card to make travel arrangements. Do you research before signing up for any new type of technology.
Good luck!
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