From: "Rob" 
Newsgroups: uk.finance
Subject: Re: PIN fraud
Date: Mon, 19 Apr 2004 07:34:11 +0100

john boyle wrote:
> In message <4082fd0d$0$28318$afc38c87@news.easynet.co.uk>, Tumbleweed
>  writes
>>
>> Who is 'they'? Is it the banks, who indeed would be satisfied as
>> they can blame more thefts onto their customers who have to pay up
>> rather than the banks!
>
> Not so. Chip & Pin specifically moves the risk to the issuer.

I can see from the c&p site etc. that the liability is moved from merchant
to
issuer - i.e. the merchant no longer has to check the signature - but the
card
holder must still have a liability regarding use of the PIN?

Do Chip and Pin cards have a modified set of Terms an Conditions?

The French claim that C&P has reduced CC Fraud by 80%, I would assume that
this statistic should include PIN theft.  Just because someone else is
liable don't change the nature of the crime.

There could be a money making opportunity here though -for insurance
salesmen .....
--
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