just had this warning from my bank

scheming_gypsy

jw1096 wrote:

Are phone camera's really that good enough to take a pic with that kind of detail on it? Id be wary if someone was right by me, but people dont generally get that close and not get noticed taking a pic!

Jo xx

i'm with you on that one, camera phones aren't that high quality. How many camera phones can take a picture that quick, i know mine can't.

Plus how many of your credit cards have readable numbers on them? i've got perfect eyesight and struggle to read the numbers as the colour has usually rubbed off them

rogue_element

RE Chip and Pin, you can always ask to sign for it - I checked the website and it says you can for a unspecified amount of time. So, just say you forgot your pin and they can overwrite it (you can at M&S anyway). I normally give the card back enclosed in the receipt, so nobody around can read it. I never had anybody give me a card faced down though.

If you sign for it @ M&S, the till issues a recipt with your CC info without any masking. Chip & Pin doesnt print your card number undisclosed, so corrupted till operators could copy your CC details off the slips -think it must be similar elsewhere.

al.green_2

The new chip and pin system uses cards that can't be cloned the way old ones could. Your card number can't therefore be cloned the way it used to be possible to. That said it can be used for internet purchases, but then you have a delivery address.
Although someone can see your pin, they do need your card. Yes, you could be mugged, but is this much different to being marched to the cash machine by a mugger? Plus here you have a period of time to cancel your card before it is used - a deterrent to this kind of theft. It would be much better to pickpocket the card so you didn't immediatly know it was missing.
It's always good to be wary, but the new system is harder to defraud than the old one. (Get the number - clone the card - put your own signiture on it!)

grumbler

sweep9 wrote:

Turning your card over could be worse than you think. On the signature strip is a 7 digit number. The first 4 are the last 4 digits of the card number. The last three are whats called the CVV2 number which is a random number unique to your card that is now required on most websites to order goods.

In fact some cards have full 16-digit number plus CVV number on the signature strip.
As CVV number is used only for telephone and internet purchases paint it over with permanent black marker. It is still readable after this, but not for other people around you. I've done this with my cards. No problems at shops.

jjs_mum

thanks for the warning

Quasar

My general feeling is that we have become to dependent on plastic, so no wonder we are all at higher risk from fraud.

Now, plastic is money. Convenient to carry, but sooner or later you have to pay moneuy to clear/reduce the balance. Why not use cash a bit more often?
I don't like carrying a lot of cash, but I always have some for purchases of £10-15, for example. I am amazed at the number of people in supermarkets or wherever, who hand in plastic (even debit card) for a poxy £7.

The more we use cards, the more open we are to frauds and scams.

grumbler

Quasar wrote:

I am amazed at the number of people in supermarkets or wherever, who hand in plastic (even debit card) for a poxy £7.

I am amazed at people paying cash .
Cash means change - a lot of coins. You must carry a weighty purse instead of a tiny wallet for a few cards. The only day I take my purse with coins is when I go to a market.
With cards you have up to 2 months interest-free period on purchases, cashback (7-14p for 'poxy' £7), introductory offers, ... And statements show you in detail what exactly you spend your money on.
I've never been a victim of card fraud. Don't know whether this is a result of my farsight and caution or I was just lucky ...

Altarf

al.green wrote:

The new chip and pin system uses cards that can't be cloned the way old ones could. Your card number can't therefore be cloned the way it used to be possible to.

Although the chip cannot be copied the magnetic strip on Chip & Pin cards still contains all the information it used to and can still be cloned.

In the past all the criminal could do was buy goods with the cloned card. Now if they have seen you entering your PIN they can get cash, as ATMs still use the magnetic strip information rather than the chip.

wingnut143

I get a bit annoyed when paying by chip and pin when the customer next to/behind me stands really close. I know I should say 'excuse me' to them to make them back away, but I would also like to see shops have a system where customers waiting to be served are asked to stand behind a line for everyone's privacy, like they do at airport checkin, banks etc. My pin number is a lot more valuable than someone knowing where I'm flying to on holiday for goodness sake!