This is just one side of the fine print.
The other side is essentially similar. We got new credit cards today, and this is the fine print. I was actually reading it to see what it says about insurance and what we heard about the other day with a new high tech way of skimming.
In the bad old days, people worried about "the internet" stealing your credit card data. I took the position it was much easier to plant a skimming machine in a busy bar or restaurant, or a gas station. Now people put their credit card info onto the internet to buy stuff and don't think twice about it.
What I was thinking twice about is a report on the radio last week. Supposedly there is an app that lets a smart phone read one of these RFID or Near Field enabled credit cards while its still in your wallet in your pocket. I didn't really believe it at the time, and after a bit of research (snopes and a few others) it seems that it's one of those things that is technically possible, in a limited sense.
The newer chips are encrypted and don't "broadcast" the card info needed to create a new card or conduct another transaction. Each transaction is unique. And besides, you aren't liable for any unauthorized transactions.
It turns out the credit card I've been carrying around for the last 3 years has had this technology. So for me, nothing has changed. I don't think I'll being going to buy a Kevlar wallet embedded with silver oxide, or even wrapping the card in tinfoil.
Why is it always tinfoil?
I did not run. Though I'm thinking about it.
I did not bike. I wasn't thinking about it.
I did not swim. That was yesterday, and maybe tomorrow.
I did not core. I'm feeling lazy.