From: "Tumbleweed" 
Newsgroups: uk.finance uk.legal
Subject: Re: Chip and pin fraud.
Date: Thu, 11 Aug 2005 00:32:06 +0100


"john boyle"  wrote in message 
news:yabMKVH$oo+CFwFM@johnboyle1.demon.co.uk...
> In message <3lvf56F14hvfbU1@individual.net>, Tumbleweed 
>  writes
>>How does C&P cut card crime?
>>
> It reduces (but doesnt eliminate) the criminals' ability to clone cards.

I'm not so sure about that, AFAICS from reading the literature, it reduces 
the ability to duplicate the chip but nothing else. It doesn't at all reduce 
the ability to copy the mag strip, alter it to say 'not C&P', and use it in 
an ATM (AIUI).
It does let the banks switch the burden of proof onto customers though.


-- 
Tumbleweed

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