From: cbartsch@gmx.de (Christian Bartsch)
Newsgroups: uk.finance
Subject: Re: PIN fraud
Date: 19 Apr 2004 13:34:00 +0200

Count Zero  said on 19.04.04:

> In Germany the national debit cards still works with signiture, is
> well protected agaist fraud (chargebacks possible without reason) and
> is issued to anyone.

If I may jump in here? The German national debit card supports several  
ways of paying, some "official", some just direct debits created by  
reading of the magstripe.
That can be either by PIN (electronic cash) or by signature (POZ or ELV).

Payments with PIN can not be charged back (unless cases of double billing  
or too much time elapsed between transaction and posting to account).

More information is available on www.payments-in-germany.de (still in it's  
infancy, but that part happens to be online already).


Chris

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