From: Alex 
Newsgroups: uk.finance
Subject: Re: Chip and Pin - wot no number?
Date: 16 Oct 2004 23:03:10 GMT

Without a hint of irony, Mike Scott
 astounded uk.finance on 16 Oct
2004 by announcing: 

> Alex wrote:
>> Without a hint of irony, Mike Scott > @spam.stopper.scottsonline.org.uk> astounded uk.finance on 15 Oct 2004
>> by announcing:
> ...
>>>At present, retailers, AIUI, have discretion. This disappears as of Jan
>>>1st 2005, when you *will* need the PIN for a Chip&PIN card.
>> 
>> 
>> No.  1st Jan is when the liability shifts from the acquirer to the
>> retailer if EMV terminals are not in place.  That is, they have to be
>> able to perform EMV transactions but they will still have the option to
>> accept signature instead of PIN for a while.
> 
> I stand corrected. Does anyone have a list of definitive dates please 
> (liability shift; must have PIN terminal; must use PIN; etc...)??

That's it, up there ;-)

The only definitive date is that the liability will shift on 1st Jan 2005.  
If merchants don't have EMV terminals by that date, they will be liable for 
the fraud.  If acquirers' systems don't support EMV transactions by that 
date, they'll be liable for the fraud.

There's no definitive date for turning PIN bypass off.  This will presumably 
be a judgement call by PMO.