coondoggie writes to tell us that the Federal Trade Commission (FTC) will be taking a look at contactless payment systems and the consumer protection issue surrounding them. “RFID technology provides obvious benefits, the FTC stated. For example, the ability of producers using RFID to track exactly where in the supply chain their products are and by which retailer they were ultimately sold to a consumer has the potential to make product recalls more effective. However, there also might be costs regarding consumers’ individual privacy rights associated with it.”
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