Technology is always dangerous in the wrong hands. To prove that CBC reporters demonstrated the use of the application with NFC which can be used to extract credit card info. They downloaded the app from Google Play and checked to see if the app can steal the credit card data by taking it near to the victim’s wallet.
Time took 30 sec
How was it done?
They used a Galaxy Slll, downloaded an application from Google Play.Pointed the mobile to the pockets of the victim and extracted credit card info like the card number , expiration date and name of the card holder. Enough info for the shopping.
Note that here the only cards that are at risk are those with NFC technology in Canada offer this service cards MasterCard PayPass and Visa payWave. In Mexico Banamex and MasterCard are some who offer this type of payment, called Pay Pass
They also posted the video about the small hack on the website.