chip and pin has to have been one of the daftest ideas i have ever been subjected to.
The whole idea of this was supposed to be to stop credit card fraud happening but i think it has just mede it easier.
Instead of signing the reciept every time you make a purchase now all you do is type in your 4 digit pin number,
since the introduction of chip and pin i have had my card swiped through a card reader at a resturant we ate in and someone made a clone of my card and have had many of an occasion where a shop swipe machine didnt register the card the first time so the shop assistant swiped it again only to find on my statement at the end of the month the money was taken on both occasions.
Chip and pin also cannot stop credit card fraud over the internet.
I dont think the idea works very well at all and we would be better of with signatures as they are harder to copy than a pin number
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Agreed as below. I'd be happier paying with my thumb, anyway, no one can forge or steal that! ~Michael
Bens__mummy 10.05.2008 11:00
As below
martinwi 10.05.2008 02:53
A short review with info. I note the below comments but either way, very unlucky to have had such problems. I believe C & P has reduced crime a bit. Martin.
Advantages: Much better security (as harder to forge a pin you can't see), so less fraud! Disadvantages: Having to remember PIN numbers of multiple cards
moxmalin 28.07.2004 ·
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Review of Chip and PIN
Advantages: Much better security (as harder to forge a pin you can't see), so less fraud! Disadvantages: Having to remember PIN numbers of multiple cards
moxmalin 28.07.2004 ·
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Review of Chip and PIN
Advantages: Lower interest than parent company Provident Disadvantages: High Interest compared to other lenders, no online banking or online account management.
MICHAELGILL 10.03.2009 (10.03.2009)
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Review of Vanquis Credit Card
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