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Harvesting High Value Foreign Currency Transactions from EMV Contactless Credit Cards Without the PIN

Martin Emms, Budi Arief, Leo Freitas, Joseph Hannon, Aad van Moorsel
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

Adam J. Levitin
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

Andriew S. Lim
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]

Christof Arnosti, Dominik Gruntz, Fachhochschule Nordwestschweiz FHNW, Fachhochschule Nordwestschweiz FHNW
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