From: Timothy Lee 
Newsgroups: uk.finance
Subject: Re: Chip and Pin - More secure for who?
Date: Wed, 22 Sep 2004 11:22:06 +0100

In message , Tim  
writes
>"Derek *" wrote
>> What is secure about a system whereby the chip could be
>> removed and retained by an operator and replaced by a dud ...
>
>Wouldn't you notice the "operator" pulling the chip out of your card and
>inserting the dud?
>
Not if it was a pub or restaurant or something where you card is being 
left open or the like or the waiter is taking the card to the terminal, 
although I'm not sure how that will work with entering the pin at the 
terminal.

-- 
Timothy Lee http://www.wightproperty.com
tlatwightpropertydotcom