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Harvesting High Value Foreign Currency Transactions from EMV Contactless Credit Cards Without the PIN
2014
Proceedings of the 2014 ACM SIGSAC Conference on Computer and Communications Security - CCS '14
For example, we have found that Visa credit cards will approve foreign currency transactions for any amount up to €999,999.99 without the cardholder's PIN, this side-steps the £20 contactless transaction ...
In this paper we present an attack, which allows fraudulent transactions to be collected from EMV contactless credit and debit cards without the knowledge of the cardholder. ...
The attack exploits six functional characteristics of EMV contactless credit and debit cards:
Many Visa 2 credit cards will approve unlimited value transactions in a foreign currency; this allows the ...
doi:10.1145/2660267.2660312
dblp:conf/ccs/EmmsAFHM14
fatcat:l2oqxg4ihfcmlmtqihm4an42yu
Pandora's Digital Box: The Promise and Perils of Digital Wallets
2017
Social Science Research Network
Merchants are constrained in their ability to refuse or condition payments from digital wallets based on the risks presented because of merchant rules promulgated by credit card networks. ...
These rules raise antitrust concerns because they foreclose entry to those digital wallets that offer merchants the most attractive valuation proposition: wallets that do not use the credit card networks ...
be eavesdropped on from an EMV transaction, which can then be used to create a magnetic strip for fraudulent use in a foreign jurisdiction that does not support EMV); Ross Anderson & Mike Bond, The Man-in-the-Middle ...
doi:10.2139/ssrn.2899104
fatcat:5vyrlrnrfbhtnncmv7moziw4mq
Inter-consortia battles in mobile payments standardisation
2008
Electronic Commerce Research and Applications
For high-value transactions, Simpay would enable payment using credit and debit cards. ...
without the credit-card institutions. ...
first semester at the University of Stirling, Scotland, and completed the study at the University of Groningen, the Netherlands, in 2000. ...
doi:10.1016/j.elerap.2007.05.003
fatcat:cb46bbkvnvcajh7lca2kjnhvn4
Man-in-the-Middle: Analyse des Datenverkehrs bei NFC-Zahlungen
[article]
2016
Im Artikel "Harvesting High Value Foreign Currency Transactions from EMV Contactless Credit Cards without the PIN" [EAF14] beschreiben die Autoren von der School of Computing Science der Newcastle University ...
Von den Kartenanbietern werden zwei weitere Sicherheitsfeatures angeboten: das Überprüfen des Card Verification Code (CVC oder auch CVV für Card Verification Value) und ein Online-Passwort (3-D). ...
doi:10.26041/fhnw-634
fatcat:kv3h5ib2mjakpat23quzpn6lxu