Credit card data can be stolen with a wave and an app

It's my understanding that the CVV3 is cryptographically generated for each transaction (like HOTP), and that the cardholder's name is not available over NFC. So you can't steal personal information or use the card undetected.<p>A bit of reading regarding the CVV3: <a href="http://randomoracle.wordpress.com/2012/09/11/cvv3-demystifying-credit-card-verification-part-2/" rel="nofollow">http://randomoracle.wordpress.com/2012/09/11/cvv3-demystifyi...</a><p>I'm not 100% sure about the name not being there, however.

tl;dr (or watch the video): The software used looks like: <a href="http://sourceforge.net/p/nfcproxy/wiki/Home/" rel="nofollow">http://sourceforge.net/p/nfcproxy/wiki/Home/</a><p>Pretty cool to be able to back up and keep your cards on your phone in a usable way.

I saw the original broadcast on CBC.<p>I just don't believe the reporting on this. They demo'd it. The girl had her credit card basically falling out of her pocket. A guy had to touch his phone to the credit card for a few seconds in order to get it to scan. He then used his phone to buy a coke at a coke machine using her card.<p>I'd like to see a demo of this where the credit card owner is not aware of whats going on. Presumably the phone can't scan the card when its inside a wallet, or even fully inside a pocket protected by 1/8" of cloth.<p>With access to the physical card, yes you can use someones credit card. Call 1985 - the problem is the exact same as with cards back then.