Randy Vanderhoof is the executive director of the Smart Card Alliance, a not-for-profit, multi-industry association of more than 180 member firms working to accelerate the widespread acceptance of smart card technology in North America and Latin America. He says NFC provides more dynamic data than the stagnant information currently provided by mag-stripe transactions. The other area that I think is still a concern is e-commerce and card-not-present fraud, he says. “It’s not going to happen overnight, but the use of mobile is going to speed the process””]
Source: https://www.cuinfosecurity.com/how-mobile-curb-fraud-a-4622