Chip 'n' Pin - A Quick Guide Discussion Area

M_Thomson

maka wrote:

chip and pin is no good as far as i concerned anyway.
TODAY WHILE IN TOWN BUYING BDAY PRESENTS FOR MY SON I WANTED TO TRY SOMETHING,
SO WHEN I WAS BEHIND SOMEONE I NOTICED HOW EASY IT IS TO GET SOMEONES PIN (AT THIS POINT I WOULD LIKE TO SAY I HAVE NOT WROTE DOWN NORE REMEMBERED ANY OF THIS NUMBERS AS I AM NOT A LAW BREAKER.)
BY THE END OF THE AFTERNOON I HAD SEEN WELL OVER 50 PIN NUMBERS,NOW THAT IS NOT GOOD TO ME. IT JUST SHOWS IF THE PEOPLE WHO DO THIS TYPE OF CRIME THE CHIP AND PIN IN MY EYES AS MADE THE JOB EVEN EASIER FOR THEM.

I agree with your point. Even though the pads are not for the most part well designed, people need to make more effort to shield the numbers themselves.
One last thing: WHY THE CAPITAL LETTERS? He he! It means you are shouting in computer terms.

Sofa_Sogood

student100 wrote:

Chip-and-PIN linked to drop in card fraud

"Credit card fraud has fallen by nearly a third following the introduction of chip-and-PIN technology, according to figures published this week..."

http://money.guardian.co.uk/scamsandfraud/story/0,13802,1597943,00.html

"Anti-fraud measures taken by the banks have been criticised by several experts. Last month criminologist Emily Finch, of the University of East Anglia, told the British Association for the Advancement of Science that she and a colleague interviewed credit card criminals and discovered flaws in the chip and pin protection for debit transactions that would undermine their effectiveness in years to come."

I'm off to shred what I've already shredded

sparkymark_3

If anyone really dislikes C & Pin that much then why not use cheques instead. This would really P*** off the banks as they lose handling charge on the transactions, money stays in your account longer AND would stop the decline in cheque useage which the Banks would like to use as an excuse to get rid of cheques !

M_Thomson

sparkymark wrote:

If anyone really dislikes C & Pin that much then why not use cheques instead. This would really P*** off the banks as they lose handling charge on the transactions, money stays in your account longer AND would stop the decline in cheque useage which the Banks would like to use as an excuse to get rid of cheques !

What about Credit Cards? You can't use cheques with them. You have to use Chip and Pin in this country.

student100

maka wrote:

chip and pin is no good as far as i concerned anyway.
TODAY WHILE IN TOWN BUYING BDAY PRESENTS FOR MY SON I WANTED TO TRY SOMETHING,
SO WHEN I WAS BEHIND SOMEONE I NOTICED HOW EASY IT IS TO GET SOMEONES PIN (AT THIS POINT I WOULD LIKE TO SAY I HAVE NOT WROTE DOWN NORE REMEMBERED ANY OF THIS NUMBERS AS I AM NOT A LAW BREAKER.)
BY THE END OF THE AFTERNOON I HAD SEEN WELL OVER 50 PIN NUMBERS,NOW THAT IS NOT GOOD TO ME. IT JUST SHOWS IF THE PEOPLE WHO DO THIS TYPE OF CRIME THE CHIP AND PIN IN MY EYES AS MADE THE JOB EVEN EASIER FOR THEM.

Even if you do see someone's PIN, you then have to steal the actual card too, or the PIN is of no use to you. (Chip cards can't be cloned). You either need to be an excellent pickpocket in order to get the card, or someone has to be very very careless with their card as well as their PIN, in which case they probably deserve to get robbed...

With an old magnetic-stripe type card, a theif could easily clone the magstripe and produce a fake card, and the signature is useless as a security method. Also, even when I have had to sign for a card transaction, I can't remember the cashier ever properly checking the signature, and it doesn't take a great deal of effort to practice someone's signature so that it would be considered a reasonable match.

The statistics show that card-present fraud has been reduced by Chip and PIN; I don't know how you can argue with that fact.

James

Sorry but the latest Chip & PIN cards can be cloned because they retain the magstrip. Prof Emily Finch highlighted this recently stating that the MO of crooks had changed. They are now targetting credit/debit card PINs then stealing the cards and hitting ATM's for hard cash. (ATM fraud rose by 82% last year). I don't know how you can argue with these facts from the card people themselves!

It's only a matter of time (if it hasn't already happened) before fake chip & PIN entry devices are used to get hold of either the PIN or the PIN and mag gstrip data thus enabling fraudsters to hit cash machines anywhere!

So return your PIN and opt for Chip & Signature Credit Cards before PINophobia sets in!

If your in a shop and staff do not check your signature then pull them up for it - it could be your card thats being used fraudulently. Good news is you can always say sorry that's not my signature!

stu_c_2

Speaking from a friend's recent experiences with chip 'n' pin.

They have been very careful to shield their pin number when using the highly visible and poorly shielded key pads in various stores and restaurants. Despite this someone cloned the card and obtained the pin, leading to a not inconsiderable amount of cash being obtained fraudulently from various ATMs.

In the past as the card wouldn't have had a pin it would, as I understand it, have been of no use in an ATM.

Having spoken to my own credit card company they seemed quite taken aback that I wished to block all transactions on my account from ATMs. I pointed out that I will never use my credit card to make an ATM withdrawal, and asked why this had been removed as a feature of my account.

Eventually they said it couldn't be done, so I pointed out that prevention in the first place was better than a cure, and that a simple software filter monitoring and blocking requests from ATMs would resolve the problem, they seem perplexed and suggested I write to the customer services department expressing my concerns.

I suggest the only way to resolve the issues of concern are to put pen to paper and hope that the deluge of concerns forces their hand, otherwise they'll just assume everything is fine...

James

APACS: Cash Machines Still Fraud Weak Spot:

http://www.mycallcredit.com/rewrite.asp?display=showarticle&con=CreditAdvice&cat=News&article=17&page=1

No surprising as ATM fraud climbed by 82% in 2003 (source APACS)!

"Its the way that they tell them"

Patr100

What annoys me is that many shops instead of the just last four digits still print out the full number & expiry date etc of your card on the receipt.

No wonder cardholder not present fraud is up. The slips contain all the details they need.

Can anything be done to insist that retailers close this loophole?

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M_Thomson

You have been reported!!!