Chip 'n' Pin - A Quick Guide Discussion Area

James

Job v Halifax Plc - The full Judgement can be downloaded from a link on this website (Click Here)

Chip & Signature anyone?

techmax76

Before I use credit cards but I have discovered that there are so many extra charges billed on my account. That is why I decided to just close it and switch to a debit card instead. I use the debit card for getting my salary.

moneymouth77

Although now, with the minimum wage going up, it might be sensible to go back... http://money.sky.com/mp/features/news/2009/06/12/National-minimum-wage-could-rise.html

Look, Chip and Pin is not the best system, but it works. Just keep your eye on the ball about whats happening with your acct, and it makes life a heck of a lot easier!

techmax76

I've been using a credit card before but I was a victim of fraudster who uses my card in buying from supermarkets. Maybe they have cloned my card because it was always in my possession and I never misplace my card. I was so shocked when I open my statement of account the charges has gone over the limit. I already cut that card to avoid any problems. I'm thinking of having this Chip n Pin as they could be more secured and useful.

Maidenover

James wrote: »

Job v Halifax Plc - The full Judgement can be downloaded from a link on this website (Click Here)

Chip & Signature anyone?

I didn't realise you had a choice....can you request this option from all banks?

Between us we use Nat West, Lloyds & Amex.

moneymouth77

I'd be very careful going for Chip and Signature at all times, as there's no instant check, which means that a fraudster could spend loads on your card by imitating the signature on the back for a day or two. With Chip and Pin, there's something else to discover, and this is the main point... It is actually an added security step!

bert&ernie

moneymouth77 wrote: »

I'd be very careful going for Chip and Signature at all times, as there's no instant check, which means that a fraudster could spend loads on your card by imitating the signature on the back for a day or two. With Chip and Pin, there's something else to discover, and this is the main point... It is actually an added security step!

The argument for chip and sig cards is not that its inherently more secure, but rather that provides the cardholder with a means of repudiation.

If a fraudulent transaction is made with a PIN, then it can be difficult for as cardholder to get the bank to accept responsibility. The bank can argue that the transaction was either authorised by the cardholder or that he/she was negligent with the PIN.

IMHO, they are a great accessory for those who like to wear a tin foil hat with their belt and braces. Having said that, I can understand someone wanting one if they've been burned problems getting the bank to pay out on fraud before.

James

There's another good reason for using Chip & Signature - A retailer has your signature once (and once only) for particular transaction.

There have be reported cases of fualty Chip & PIN machines charging customers twice.

By the way - if you've used Chip & PIN terminals in check your statements - you could have been charged twice for the same transaction.

Click here for more information from the BBC.

chipz

James wrote: »

There's another good reason for using Chip & Signature - A retailer has your signature once (and once only) for particular transaction.

There have be reported cases of fualty Chip & PIN machines charging customers twice.

its the till worker human error most of the time
. signature and pin :rotfl:

moggsy

James wrote: »

There's another good reason for using Chip & Signature - A retailer has your signature once (and once only) for particular transaction.

There have be reported cases of fualty Chip & PIN machines charging customers twice.

By the way - if you've used Chip & PIN terminals in check your statements - you could have been charged twice for the same transaction.

Click here for more information from the BBC.

This is generally a fault with the EPOS or back end systems which could just as easily happen with a Chip & Signature transaction.