According to this myth, a stolen card could be used to make an endless number of NFC payments without anyone noticing. “No, not an endless number.” Various mechanisms are in place to protect card holders from such scenarios. One such mechanism requires entry of the PIN, for instance when the maximum number of NFC transactions defined by the card issuer is reached. For security reasons, an online authorization may be carried out in the background without the client noticing, even for amounts of less than, temporarily, 80 francs. What is more, card holders should block lost or stolen cards straightaway rather than waiting in the hope that they will turn up. They can be blocked immediately in UBS e-banking, UBS Mobile Banking or by telephone.
Data harvesting by app
Some people fear that criminals could harvest data from their card using special apps. To do so, they would simply have to be standing close enough to their victim – and away they go! “Yes, it is possible in principle to read the expiration date and card number. This information alone is not enough to commit fraud, however.” Here, too, coins and other cards make it difficult to connect the card to a smartphone. Furthermore, the name, CVV code and past transactions cannot be harvested from UBS cards.