NFC & do you think it will be our new wallet/purse ? - HotUKDeals
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NFC & do you think it will be our new wallet/purse ?

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So I buy a soundbar & kept seeing this NFC on a few of the soundbars I was interested in. In truth I was only looking for bluetooth & a bonus HDMI connection if cheap enough. Looking at the link in … Read More
WheresMeNuts Avatar
2y, 6m agoPosted 2 years, 6 months ago
So I buy a soundbar & kept seeing this NFC on a few of the soundbars I was interested in.
In truth I was only looking for bluetooth & a bonus HDMI connection if cheap enough.
Looking at the link in the 1st post they say it will as good as replace everything including your bank cards, cash, wallet or purse.
Do you think this will be hacked to death or bulletproof ?
WheresMeNuts Avatar
2y, 6m agoPosted 2 years, 6 months ago
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#2
No because I live in a rural area & you still get charged 50p if you spend less than £10 with your card.
#3
NFC has been around for ages! Oyster cards and contact less payment cards.
#4
NFC has been around years since about 2011. Full of fraudsters at first claiming they were charged for other peoples shopping by having there card in Asda when the person next to them was paying. I like it except transactions under £20 do not process for a few days causing people to go overdrawn who use it allot without keeping track
#5
NFC on electronic devices - Near Field Communication - On a soundbar it would mean if you place your NFC capable smartphone/ tablet next to it you can play the music without connecting (supposed to be better than Bluetooth ) . My camera has it and downloads photos to phone /tablet .
I thought it was more of a portable thing as in your home you could easily use wi fi or Bluetooth .
#6
"Do you think this will be hacked to death or bulletproof ?"
NFC security issues have been public for many years now.

If man made it, man can break it :{
#7
I've often thought of placing 2xNFC contactless payment receivers either side of every escalator in Kings Cross St.Pancras taking 14.99/19.99 payments each time.

Lots of folk wouldn't notice for a couple of days that the money has been taken out and by the time they do realise and the police are on to me I'll be in sunny mexico living out my days with their millions!
#8
NFC inherently doesn't have much if any security. The Security is on the cards themselves, which cannot currently be hacked.

Before this gets shot down, yes some MIT students have hacked a card in the US which is based on SDA offline authentication. This was phased out by VISA & MC several years ago for DDA so every transaction has a different approval code generated by the card, so if you managed to spend days hacking 1 transaction, you'd need to do the same again to hack it for a further £20 transaction. Hardly worth the effort.

in any case every card has its own unique diversified keys so if you hack 1 card, you have to start all over on any other card.
#9
underscoreben
I've often thought of placing 2xNFC contactless payment receivers either side of every escalator in Kings Cross St.Pancras taking 14.99/19.99 payments each time.

How exactly will the money magically come from the card to your bank account? Each transaction gets processed by an acquirer, through to the banks which is highly regulated. Just because you can read a card doesn't mean you have any money transferred at that point.
#10
paul1005
underscoreben
I've often thought of placing 2xNFC contactless payment receivers either side of every escalator in Kings Cross St.Pancras taking 14.99/19.99 payments each time.

How exactly will the money magically come from the card to your bank account? Each transaction gets processed by an acquirer, through to the banks which is highly regulated. Just because you can read a card doesn't mean you have any money transferred at that point.

I get McDonald's on board and give them a 1% cut
#11
underscoreben


I get McDonald's on board and give them a 1% cut

If they were an acquier not a merchant they'd have more than the 1% cut anyway ;)
#12
there are loads of nfc use case scenarios. I have a play list full of nfc videos on my youtube Chanel. toy can see the link to my youtube Chanel on my hukd profile. from there you can see my nfc playlist which I think has about 100 videos regarding nfc in it

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