Wednesday, September 12, 2018

Why Dropping Cash On RFID-Blocking Tech Is A Waste Of Money

MoneyTips


by Sandra Parsons

Radio Frequency Identification (RFID)-blocking technology is a multi-million-dollar industry. Consumers concerned about someone stealing their credit card info using RFID readers can buy wallets, purses, and even luggage with built-in RFID-blocking protection.

The problem is, they're probably wasting their money.

What is RFID?

To put it simply, RFID is a method for transmitting data across radio waves. A scanner then picks up and reads the data. RFID has had many uses over the years, including enabling contactless payment in some credit cards.

RFID-Blocking Technology

When RFID-enabled credit cards first came on the scene in the U.S., they transmitted credit card numbers and expi...



from MoneyTips https://www.moneytips.com/why-dropping-cash-on-rfid-blocking-tech-is-a-waste-of-money

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