Getting Chip & Signature Cards vice Chip & PIN

James

PINs beginning to needle:

The fraud, which affects outlets across the country, highlights serious flaws in the chip-and-PIN payment system which is meant to offer more protection against crime and theft.

http://www.tmcnet.com/usubmit/-hundreds-drivers-caught-out-gbp1m-chip-and-p-/2006/05/06/1639848.htm

APACS reckon this has only happened at a few Shell garages, well I wonder if they know about Clarks Shoe shop at Stanstead?

In the first scam, nearly £70,000 in fraudulent transactions were made after an employee at the Stansted Airport branch of Clarks Shoes wired up the shop's till to copy customers' credit card details.

http://www.itv.com/news/britain_1161192.html

The good news is the industry is 'still workinging' with manufactuers to make ATMs tamper-proof. I wonder if and when they'll start working on point of sale terminals? They might even suggest to cardholders with doubts about PINs that they should insist on a Chip & Signature cards.

Better news for those with Chip & Signature - This can't happen to you!!!

rosey_3

James wrote:

PINs beginning to needle:

The fraud, which affects outlets across the country, highlights serious flaws in the chip-and-PIN payment system which is meant to offer more protection against crime and theft.

http://www.tmcnet.com/usubmit/-hundreds-drivers-caught-out-gbp1m-chip-and-p-/2006/05/06/1639848.htm

APACS reckon this has only happened at a few Shell garages, well I wonder if they know about Clarks Shoe shop at Stanstead?

In the first scam, nearly £70,000 in fraudulent transactions were made after an employee at the Stansted Airport branch of Clarks Shoes wired up the shop's till to copy customers' credit card details.

http://www.itv.com/news/britain_1161192.html

The good news is the industry is 'still workinging' with manufactuers to make ATMs tamper-proof. I wonder if and when they'll start working on point of sale terminals? They might even suggest to cardholders with doubts about PINs that they should insist on a Chip & Signature cards.

Better news for those with Chip & Signature - This can't happen to you!!!

I always said chip and pin should be also confirmed with a signature

Snapelover

James wrote:

Better news for those with Chip & Signature - This can't happen to you!!!

:rotfl: :j :rotfl:
Good News! Being partially sighted actually has a good side!!

(And before any one says anything, I don't want sympathy, empathy, etc., etc. I am genuinely happy.)

Rafter

James wrote:

Better news for those with Chip & Signature - This can't happen to you!!!

James,

I know you are very anti chip and pin, but please don't fight the bank propoganda with that of your own.

Of course a chip and signature card can still be cloned and used in frauds, although ATM fraud will not be possible without a pin.

The card can still be used for mail order fraud or simply cloned and used with a false signature to make purchases.

R.

James

Rafter,

I'm not anti-chip but am certainly anti-PIN.

Lets get this absolutley right. A chip & sig card cannot be cloned and that cloned card used in a Chip and PIN enviroment. It can however be used at non chip and pin compliant shops as can a cloned chip and PIN card.

Chip & Sig cards cannot be used to obtain money at ATMs, for obvious reasons, but C&S debit cards can be used to get cash-back at most large supermarkets.

There's been quite a few cases in the press where card issuers have been reluctant to believe card holders who've suffered from PIN based fraud. I'm sure you'll agree it's much easier to challenge a signature.


The Public deserve to know the facts and armed with these facts (which includes cards T&C for keeping your PIN secret), make an informed decision.

If the card industry can't guarantee that your PIN is safe, then don't use a PIN until it is. Ask for Chip & Signature.

James

The following website give's the low-down on Chip & Signture Card Issuers:

http://www.saynotochipandpin.co.uk/node/15

The Fool says:

However, you can apply for a Chip & Signature card if you prefer to continue signing your name. And (this is the bit I didn't know), you do not have to be registered disabled to apply for one so don't let anyone tell you otherwise.

http://www.fool.co.uk/news/comment/2006/c060314f.htm?ref=foolwatch

Sky News investigation has revealed that Chip & PIN may merely have helped shift the financial liability for fraud onto the cardholder.