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anti fraud ....im gettin annoyed now

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Lord:
I always find it's easier to talk to the person and use good old hard currency.... all those notes and no wories... no banks holding on to it till it clears and all above board. And the seller feels a lot hapier.... I don't do any banking or buying over the internet since one of my cards got copied. Now i phone up and order over the phone or go to the person or shop now.... Don't trust the internet for any money exchanges at all now. Personally I think all the litte *%££^£'s should come over and meet my and the missus.... I'm sure she'll introduce them to the machettes and all the large knives she has... There all nice and sharp (she likes cooking.... honest) but shes hates that type of scumbag!!!  :twisted:

Wanderer:
The big problem with chip n pin is that should the pin be used then you/we might have no comeback as we MUST have given the pin to someone or not kept it secure. The onus is back on to the card holder.

At the end of the day and with todays advances in computers there shoudn't be a problem in a photo of the card user being kept by the store or whatever for 3 months. Then if it is found that there's no photo it's obviously a retailer ripping the system off a la card being used in Shanghai when the holder has never set foot out of Bournemouth in their whole lives.

The system sucks. It's insecure and they are trying to move the goalposts in the card issuers direction instead of taking the blame for having such a poor security system.

Why isn't there data on the card with the persons photo?
Too difficult to do or to easy to replicate it?

The terminal links to the card company. What does it take to d/l a photo from the company and check it's the individual involved.

Ed

datalas:
The trouble is that cryptographically and technically any "card" system is blatently open to abuse and forgery.   Security in these matters is simply a trade off between security and convenience,  chip and pin is being introduced not so much to combat the more prolific card and identity theft cases, but merely to stem the casual abuse that has become rather apparent.  

For example, how often have you bought something and been handed the card back before you've signed the slip ?  Clearly this is not much in the way of validation and in these cases you are quite clearly within your rights to deny signing it, in the same way that you are quite within your rights to deny having typed in your pin.  The onus of proof is *still* on the part of the bank to prove that you did, so you don't lose out there,  essentially it's a way of making sure that at least a vauge attempt at verification is actually made.

We could go the whole hog and use biometrics and who knows what else, but personally, I'd rather not have to give blood everytime I buy stamps :)

The *real* rip off with banks is that it still takes days to clear funds, and weeks to clear cheques...  That's where they make their money at your expense, not via fraud..

lee celtic:
I had the  you've won the lottery  scam on this morning

I replied with ..


WHY DON'T YOU KEEP THE 2.7 MILLION AND BUY YOURSELF A F*****G LIFE :twisted:

Hope I didn't offend them.. :wink:

Mace:
Ah...chip 'n pin...my favorite subject.

1. All previously 'signed' credit card slips were protected by the 'bank' issuer in the event of fraud. Should the transaction be found to be fraudulent then the 'banks' would carry the loss. This used to amount to £4bn per year, worldwide. Since the introduction of chip 'n pin, the 'loss' now is carried by the retailer or supplier of the goods, not the banks. Most retailers are now very wary of fraudulent transactions because they now have to bear the cost of any loss.

2. It's actually 'illegal' or against a particular government act to position a pin pad within direct sight of a CCTV camera. For obvious reasons. A rule that seems to be 'lost' with most retailers.

3. If you give anyone your pin number (even your spouse) and they use it, they are committing fraud. If you allow anyone to see your number as you enter it on a pin pad, then tuff if it's stolen and used fraudulently. It then becomes your loss.

4. Internet and Mail Order credit card fraud is now rife with chip 'n pin in place. As no signature is required and you are not present to enter your pin. The merchant banks have got wise to this and are now thinking of using a password system to go along side the pin number. So not only will you need a pin number to buy something face to face but you'll also need a password to buy something when you are not present at the transaction.

5. The most prominent credit card fraud is that of a card being stolen in the post before it gets to you. With or without a pin number a card can still be used on a 'signature' basis if the retailer will accept the risk involved. Retailers need to get wise to this NOW. IF YOUR CARD IS UP FOR RENEWAL AND IT HASN'T ARRIVED IN TIME, PHONE YOUR BANK, QUICK !!

6. If your card's pin enabled and you get asked for your pin number and you refuse or don't remember it, the retailer has every right to refuse the transaction. They are not obliged to accept a signature instead, for the reasons stated above. You can however continue to use a 'signature' card if it's not pin enabled.

7. Identity fraud is also rife. Buy yourself a £20 shedder and shred your unwanted mail, everything with your name and address on that you would normally tear up and throw in the bin, SHRED IT.

I could go on !!

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