Chip and PIN

...Since the introduction of chip and pin machines in more and more shops, you now no longer need to sign for credit/debit card transactions - instead you can simply type in a four digit pin as you would at an ATM. Anyone who regularly uses credit/debit cards will probably have tried this themselves. What you may not have been aware of is that as of 14/2/06 you'll no longer be able to sign for purchases - you'll need to know your PIN. In fact, this ...
...that suggests it's banks imposing chip and pin, but it's still largely up to individual shops whether they let us sign or not. Some - the report picked out Clinton Cards (though I don't know whether this applies to the whole chain or only a particular branch) - aren't even ready for chip and pin. What's actually the case is banks will hold shops liable for any fraud if they allow customers to sign - so, needless to say, there will be increased pressure ...

a-true-ben 14.02.2006 · Read full review
Ciao members have rated this review on average: very helpful
Review of Chip and PIN

The new Chip and PIN system is definitely quite different from standard credit and debit card use as it was before, and personally, I think it's a fantastic idea. I've always considered a signature for verification purposes to be a bad idea when the very signature you'd need to verify the card somebody could have stolen can easily be forged by looking at the card itself! With the new system, verification is performed on a separate machine for the ...
...PIN numbers changed. The Chip and PIN system is going to eventually become standard with chips being all almost all new issued cards, and many cards are being reissued with chips, so look out! Whether you agree with it or not, Chip and PIN looks like it's here to stay, so my adivce would be to embrace it and hopefully enjoy higher security and less fraud, which we could all appreciate, especially if it's happened already The specific criteria ...

moxmalin 28.07.2004 · Read full review
Ciao members have rated this review on average: helpful
Review of Chip and PIN

...A swipe machine (or chip reader in some advanced models) is used in stores to swipe the debit card, and the purchaser asked to choose which account they are using for the transaction - "Cheque or Savings?" Most debit accounts at banks are classified as savings accounts, but if you have a second account many banks will let you classify it under the "cheque" option, so that you actually have access to two accounts with the one card. It's a great idea, ...
...option will become available in the UK - it may still be necessary to have separate cards for separate accounts. Credit cards are swiped in a similar manner, but the owner is asked to sign the slip, as in the UK. Banks are starting to introduce PINs for credit cards now, and you usually have the option of using a PIN or being able to sign for purchases. A purchase using a debit card is usually much faster, as the purchaser merely punches in their ...

Kianastar 28.07.2004 · Read full review
Ciao members have rated this review on average: helpful
Review of Chip and PIN

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 ...
...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 ...

danniell 09.05.2008 · Read full review
Ciao members have rated this review on average: helpful
Review of Chip and PIN

...everyone 'has' to use their Chip and PIN that's not actually fully true. You see what a lot of people don't realise is that you can still be asked to sign for things in shops but only when the card machine automatically decides to do this -- no-one can really have an influence in this. Now then ... for those who may not know how this works let me just explain. 1> Customer (call him John Doe) with chip-less card gets sent a new 'chip' card from ...
...card ('360Money') which doesn't even have a chip, it's just a signature!! Apparently this whole Chip and PIN is meant to save time for the customers but that really depends on who the customer being served is and who's serving them. Chip and PIN is the future really! ...

T1mm3h 29.05.2006 · Read full review
Ciao members have rated this review on average: helpful
Review of Chip and PIN

...tell you all about the chip and pin. chip and pin is slowly being introduced to the u.k what it is, is soon you will have to type in your pin number instead of signing a slip. that is great because only you know your pin. this will bring down card thefets. the banks are bringing out new cards with chips in them. the banks that have already done this are *barclays *natwest all the major cards are to be changed soon visa,visa electron, switch, ...
...have started the system yet. wilkinson have tho and i have tryed my new barclays visa there. i must say its better than signing the slip. you should get a new card soon or go to your local bank for more info. this new system will hopefully reduce crime forget your pen just dont forget your pin. ...

BarclayClark 30.04.2004 · Read full review
Ciao members have rated this review on average: somewhat helpful
Review of Chip and PIN