I am not sure what the benefits of contactless credit/debit card and passport technology are supposed to be. There is no hardship in using chip and pin in a shop or handing over my passport to be read at a border check.
Contactless technology opens up the possibility of my passport details being read or money extracted from my account whilst I think my passport and card are safely in my pocket or bag.
As soon as contactless technology came out people started looking for ways to covertly access it and extend the reading distance.
Here is an exploit using mobile phones to present a victim's card to a reader while he is not in proximity of the reader; http://eprint.iacr.org/2011/618.pdf