MasterCard introduces a RFID MasterCard called PayPass in Orlando Florida. They tout the convenience of no more swiping or giving your card to cashiers. They claim the card has to be within an inch of the reader to be read — how long till criminals are walking the malls, or next to you in line with portable readers getting your card information?

MasterCard PayPass is a new card feature now being tested in the Orlando area. It is available on a limited basis to select current Chase, Citi, and MBNA cardholders, and may be coming soon to the general public. It can be used where you see the PayPass logo and everywhere MasterCard is accepted.

More here.