Chip & PIN - Success or Failure?

James · 23 February 2007 at 5:41PM

Believe it?

Edinburgh Evening News: (23 Feb 2007)

SHOPS have seen a massive rise in credit and debit card crime since the introduction of chip and pin technology, according to a report published today.

The new system was hailed as virtually fraud-proof but a survey by the Scottish Grocers' Federation (SGF) suggests card crime has soared by more than 50 per cent since 2005.

Or not?

WHICH? (Formerly the Consumers Association) (14 Feb 2007)

Since the official changeover to chip and PIN on February 14 2006, financial institutions have seen levels of card fraud slump and queues shorten at tills, according to reports.

Watchdog.

If someone stole your bank card and used it to withdraw money from your account before you had a chance to realise it was gone, you'd presume you were entitled to get your money back. Yet a number of Watchdog viewers have learned that this isn't always the case.

Discuss

Gordon_the_Moron · 23 February 2007 at 9:00PM

I hate chip and pin.

How difficult would it be to design a 3rd party handheld terminal that charged the card but also logged what was keyed into the keypad.

I now only use a credit card (which is covered against fraud) or a debit card where I implicitly trust the system (i.e. where I know the owners or in a place like a supermarket)

If they want to make the system more secure they would have used either a system that put photos on the fron of people's cards AND/OR used fingerprint recognition.

Signatures were better than chip and pin.

Da Moron

jonnyb · 23 February 2007 at 9:26PM

Al, have you seen how James tried to shoehorn his paranoia on ID fraud into (in my opinion) an unrelated topic about electoral roll, a few below this one ?

The title is "Electoral Register (Bad Credit Rating)"

thesaint · 23 February 2007 at 9:41PM

Chip & PIN - Success or Failure?

Overwhelming success!!!:money:

Embrace the technology, hoorah for PIN, long may it continue.:j

Three cheers for the demise of forged signatures

Hip hip hooray, hip hip hooray, hip hip hooray:beer:

James · 4 March 2007 at 2:42PM

Here's what can happen if your card's not nicked, you use your PIN to authorise a transaction, the transaction is duplicated and the bank accuses you or the retailer of fraud:

Unless you get the press involved, you're stuffed.

Story here: Scorll down page

Bin your PIN - Sign and get a receipt, you know it's safer!

James · 9 March 2007 at 1:30PM

View this BBC News Video from lNovember ast year

Click here.

Add it to the thousands of cases of card fraud instigated at petrol stations since.

Click here.
Do we have a cover up?

Astaroth · 9 March 2007 at 5:16PM

Thousands of cases -v- the millions we had before?

No one said it was perfect but that it was a big improvement over what we had... and that is true.

James - why cant you move on? I think your next 500 threads should be about how the government are actually controlled by aliens.... it would be more entertaining and probably just as likely to be true as the other trash you peddle

Chip & PIN - Success or Failure?

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