From: jjamies@tiscali.co.uk (James)
Newsgroups: uk.finance
Subject: Re: Chip & Pin insecurity
Date: 17 Apr 2005 00:21:50 -0700

s_pickle2001@yahoo.com wrote in message news:<1113647272.333861.283430@f14g2000cwb.googlegroups.com>...
> Here are some paragraphs from the article
> http://www.thisismoney.co.uk/news/article.html?in_article_id=3D399762&in_pa=
> ge_id=3D2&ct=3D5
> 
> Robbed at the Tesco checkout
> Michael Clarke, This is Money
> 15 April 2005
> .=2E.
> 
> Day care nurse Mrs Walsh, 43, had handed over her debit card and a
> Tesco Clubcard but was given back only the Clubcard as she was
> distracted by her two young children.
> 
> 
> Police said CCTV footage showed the assistant watching Mrs Walsh as she
> tapped in her Pin. He used the card to make a =A3300 withdrawal just
> eight minutes after she left the store, and he made a further =A3300
> withdrawal just before midnight the same day.
> 
> 
> .=2E..
> 
> Barclays told her it was not liable for the fraud as nobody should have
> access to her Pin number. The case highlights the difficulty bank
> customers have in proving fraud following the introduction of chip and
> Pin technology.
> 
> =3D=3D=3D=3D=3D=3D=3D=3D=3D
> 
> Does anyone still want to maintain that there is any reason for C&P
> other than shifting liability away from card issuers? If it is so
> secure, they should stand by their customers and accept liability for
> all losses unless the customer committed fraud or divulged the PIN
> voluntarily.

Concur:

Cardholders are not being told that if they insist on a Chip &
Signature Card (and they've got to be firm), then they will be issued
with one!

If your a crook what's the more attractive item a card, cloned or
genuine with a valid PIN or a card where you use a signature?

One you might be challenged with and allows you no access to cash. 
The other you'll never be challenged with an can get cash or goods.