From: "Alex" 
Newsgroups: uk.finance
Subject: Re: Chip & Pin @ Tescos
Date: 19 Jun 2006 11:26:46 GMT

At 12:14:09 on 19/06/2006, Ronald Raygun delighted uk.finance by announcing:

> clemenr@wmin.ac.uk wrote:
> 
> > 
> > Alex wrote:
> >> At 20:33:21 on 18/06/2006, clemenr@wmin.ac.uk delighted uk.finance by
> >> announcing:
> >> > Security?
> > > 
> >> How secure do you think storing the PIN on the magnetic stripe would be?
> > 
> > I should have been clearer here. I would prefer that the PIN be asked
> > for, but that this be done by using a chip reader, not the mag-stripe.
> > 
> > The whole setup seems insecure.
> 
> That sounds like you think a stripe reader is less secure than a chip
> reader.  If so, why do you think that?

It's not the reader that's more or less secure, but the data on the card.