From: jim@jibbering.com (Jim Ley)
Newsgroups: uk.finance uk.legal
Subject: Re: Credit Cards/Chip and Pin/ATM withdrawls
Date: Thu, 05 Jan 2006 12:35:38 GMT

On Thu, 05 Jan 2006 12:21:59 +0000, Cynic 
wrote:


>To design such a chip needs access to a system where the cost of the
>software can run into 7 figures.  Then you need to get the chip
>manufactured - which costs a 6 figure sum just for a couple of
>prototype wafers.

er, no you just use a regular few dollar programmable smart card, of
course you still need to reverse engineer the encryption so you can
return an appropriately encrypted yes answer, but the cost of the
equipment or cards is not a barrier.

Jim.