Barclaycard have been issuing contactles cards for ages, shops have been accepting them for ages. Also the tech is pretty secure.
I suspect the only weak point is the RFID reading itself, seing as card processors can now offer 2048 bit end to end encryption from PED to Bank.

the internet didn't work when I submitted the comment. When I back-clicked the page reloaded and my comment was gone.

Pah.

Can they pull more money from you? sure they can assholes.

use it to buy a perch on a Ryanair flight?

Is this just a rebadged offering (as per the cards mentioned by davefb above) or actually something Orange are creating themselves. I read from the article that they are just rebranding the service from Barclaycard and levering their existing account base.

Nice, so now when someone nick your phone they'll be able to clear your bank acc out as well... A great step forward.

so what was my orange credit card that I used to have then ? It had started as a freeserve one, but was branded orange for a while, marbles as well, before they moved it to beneficial finance(hsbc?).
Who have now terminated all cards (as of 31/12/2009) havent terminated the debt though :(. I wouldn't mind, but I liked it as the orange card..