pin news and archive

Retailers Risk Fraud Without Pin & Chip

UK retailers will be running the risk of fraud, if they do not upgrade to chip and PIN technology. The technology requires customers to swipe a card and key in a PIN number - the banking industry hopes the change will help to cut fraud by up to 60 per cent. Most large chains are in the process of switching, as are smaller retailers which...

Fashion

Retailers to Combat Fraud with PIN

Independent stores are being told to start upgrading their point of sale credit card readers by next May, if they are not to fall prey to changes in fraud liability that could hit them for £800m. In January 2005 liability for card fraud, where preventative measures could have been taken, will shift from banks to retailers. By installing devices...