Britons Face 'Chip-and-Pin' Future in Fraud Fight
From next week, a signature will not be good enough to buy goods or services across Britain.
The deadline for shoppers to remember their debit and credit card pin numbers is Valentine's Day, next Tuesday. From then on, cardholders are no longer assured the option of signing to verify a purchase and may have their cards refused.
Banks and retailers have introduced chip-and-pin technology in recent years to halt rising card fraud, requiring an increasing number of shoppers to enter their four-digit PIN numbers to verify card purchases.
posted by Fergie @ 2/09/2006 06:14:00 AM
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