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Chip & Signature Cards.

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  • M_Thomson
    M_Thomson Posts: 1,596 Forumite
    Part of the Furniture
    Galstonian wrote:
    Surely this depends on the technology available to the retailer as well? If they have no C&P terminal they cannot read the chip, if they have no mag stripe reader they cannot read the mag stripe. I have had to sign card imprints as recently as a few months ago. Some premises accept credit cards but don't even have electricity!

    That is why smaller retailers are very upset at the changeover because they are being forced to get chip and pin terminals for chip and pin cards otherwise the banks will hold them liable.
  • James
    James Posts: 2,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The same reasons confirmed for opting out of having a PIN:

    Having Trouble at The Check-Out?

    http://money.independent.co.uk/personal_finance/loans_credit/article326712.ece
  • CAE
    CAE Posts: 644 Forumite
    I managed to lock my PIN on my CC today, as the PIN has completely erased itself from my memory. The more I tried to think of it, the less chance I had of remembering it. I was so embarrassed!! I use this CC practically every day, and it has just gone!!

    I'm sure I can't be the only person who forgets their PIN. These days there are so many PIN and passwords to remember, and I haven't written any of them down. Perhaps I should have a CHIP and SIG card instead.

    I also had an overcharge refund at Customer Services, and exlained that I had forgotten my PIN. Never mind, the nice lady said, I'll refund you in cash. Much more useful!
  • If I was you then change the pin to the same number for all your cards then at least you only have one number to remember I do this with any new card I get and from next april it will be the only way to authorise transactions when you are present. Never write them down as this is looked on as you being negligent by the card providers so it would be tough should someone use it without your knowledge
  • James
    James Posts: 2,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    "If I was you then change the pin to the same number for all your cards then at least you only have one number to remember "

    The above practice I would suggest is bad advice. i.e. never use the same password for more than one account, the message carried by ID theft leaflets.

    I wonder how card issuers will view someone whose done this (same PIN for all cards) if that person becomes the victim of multi-card fraud where the same PIN is used? It's certainly very rich pickings for any crook!

    I use one PIN for one card which is a savings account card. I keep small amounts for everyday use in this account. All my other cards are Chip & Signature, thus reducing personal physical risk and liability to myslef.
  • James
    James Posts: 2,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Pin it to Win It!

    http://www.barclaycard.co.uk/pin_it/

    I hope the above competition includes those issued with Chip and Signature, or Chip and PIN suppressed cards.
  • James
    James Posts: 2,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Now the PIN is mightier than the pen:

    http://www.expressandstar.com/articles/features/life/article_85458.php

    Methinks Victoria Tagg, author of the above article isn't aware that, if she wishes can get herself Chip & Signature cards. It would certainly meet her needs and enable her to comply with card issuers T&Cs and best advice.
  • kesb16
    kesb16 Posts: 42 Forumite
    Hi

    Just wondering what banks will offer chip and signature cards to all their customers (rather than just disabled), are these available from credit card companies also? Are the banks quite happy to supply the signature cards or do they cause a fuss?

    I have an elderly mother who does not like using the pin, would much rather sign so if they would supply her with a signature card it would be great.

    Thanks

    K
  • James
    James Posts: 2,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Kes16, You do not have to be disabled AND have an impairment which prevents you using Chip & PIN to qualifay for a Chip & Signature card.

    It is the cardholders perception if they can manage a PIN or not and not the card issuers. Card issuers should not ask you if you're disabled or whats wrong with you.

    I've serveral Chip & Signature(C&S). Getting hold of a debit C&S card from your present issuer should be relartively easy. Ask to speak to someone who knows about Chip & Signature at their bank, dont be fobbed off, insist.

    Credit cards are a different kettle of fish. I've yet to find one card issuers, who, when you open a new account can furnish anyone with a C&S cards. Your first issued with a Chip & PIN card, complete with PIN. You then contact the card issuer again and have them send you a Chip & Signature card, returning the PIN unopened of course. Your current credit card issuer should furnish you with a C&S card, its all about talking to the correct person and once again insisting.

    IMHO card issuers are not complying with the Banking Code articles 2 and 3.1.
    (They are supposed to tell you about their products BEFORE you open an account).

    Remember to comply with card companies terms and conditions your not allowed to write a PIN down, and the cardwatch website advises Don’t use the same PIN for every card. Complying with these instructions just about entitles anyone with more than one card to a C&S card.

    Hope this helps.
  • Altarf
    Altarf Posts: 2,916 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    At the Post Office today there was an elderly lady in front of me wanting to pay some bills. After finally inserting her debit card in the machine the correct way, she then proceeded to get a piece of paper from her handbag. It was the PIN notification from her bank. When she had finished she folded the PIN notification around the debit card and put them together back into her purse.

    I wonder how many more like her there are.

    Safety in Numbers. No just better odds for the muggers.
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