The only good I can see out of this is a series of hysterical news tale on street crew who are now Wardakking ( short for War - RFID - Jacking ) by walking past unsuspicious passer - by and stealing their credit card number , personal identity , and immortal person .
UPDATE – After the jump …
American Express adds contactless defrayment as standard[Finextra ]

Anonymous inform us that we ’re full of it :
This story is completely incorrect . Yeah , it ’s true , the source you link to is totally wrong , so it ’s not entirely your fault … But then you mention that Chase did this to begin with , which is also wrong . peradventure you ’ve reported this story wrong double . Shrug .
Here ’s the reality : these are contactless smartcards , a.k.a .

ISO 14443 . They ’ve been used around the globe for going on 10 yr .
They have absolutely nothing to do with RFID . These are coarse
in parts of Europe , and the standard in Asia . They are considered

far * safer * than steady credit cards .
Unlike RFID , they can only be read at a distance of centimeters .
But more significantly , they ’re based on smartcard tech – which means

that the information that passes from the wit to the reader is specific
to that transaction and is worthless to third parties .
UPDATE UPDATE – Now we acquire that Anonymous is full of it :

American Express grow ExpressPay in conjunction with Texas Instruments RFid Systems , a world leader in receiving set frequency recognition ( RFID ) technology . The ExpressPay primal watch chain and reader are designed with an open architecture that is compatible with RFID industry criterion ( ISO / IEC Standard 14443 ) .
Thanks , Jim .
UPDATE UPDATE UPDATE – Now Anonymous admits he ’s crazy :

OK I ’m the original anonymous , and here ’s an update to the update to the update !
I do offer a mea culpa . But your level is still a bit off .
This Amex matter is n’t a credit entry card , as your clause claims . It ’s a keyfob , like Mobil Speedpass . You laden money onto it in little increments from your actual Amex account . But yes , this keychain thing - a - ma - bob is indeed found on RFID . Mea culpa ! !

inside information arehere .
So … you know … you were n’t entirely incorrect . In fact you were mostly veracious . As common . Damn Gizmodo . Sorry for the goof .
Damn right on we ’re right .

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