New Credit Card System Coming Soon On a lighter note, Just been on the news that our present credit card system - of signing for purchases - is to be phased out. In place you will be given a four digit pin that you key in with your card at point of purchase. This should reduce fraud straight off by up to %60. I've not been ripped off this way but imagine it's a total shitter. Good news for consumers - why was this not introduced ages ago one might ask? :groovy:
tis good tho, but remembering pin numbers sometimes creates confusion, imagine sitting at the check out. " no , erm wait a minute try this one." i do it with my cash card, i could see it happening there to
nd it'll stop those whiny little geeks askin for u 2 re-sign it coz it dusnt match perfectly :evil: grr
i can sign his sig better than he can it looks surprisinly similar to mine, cos one day when he was gonna open his bank account he decided he needed a sig, so i did one, and he practised mines an H and a squiggle crossed threw the T and H, his is a M and a squiggle martin made a good point earlier when we saw this on the news, he said it shud be dun by thumbprint recognition...that wud b kinda impossible to fraud..but maybe hard to do.
sounds very gud idea like. cos lets face it a good 80% of places dont give a shit what the sig looks like!!!!!! this way they HAVE to check - else u cant use the system - can only be good.
Re: New Credit Card System Coming Soon Its gona be a total nitemare!! If you cant remember ur pin, then ur pretty fucked cos the retailer could lose out money if they accept ur sig only. If u disable ur pin, its a rite f*ck on to re-activate it at the cash point. Sum peeps are jus thick as shit and wont be able to do it. Plus, u dont type ur pin in on the net or over the fone which is where the majority of card fraud is easily done. Im sooo glad I dont work at the bank anymore. I cudnt be arsed to explain it all to ppl who dont even know how to read their balances rite.
Re: New Credit Card System Coming Soon they have had this system in france for over 10 years.. makes you wonder why the hell it hasn't been introduced before?
Only a very slight improvement in security in my opinion. I imagine loads of people will now get into the habit of giving partners/friends there code so they can use their card..... Thumb scan is the way forward. Look how well it has worked at rounding up the Illegal Immigrant in the capital. .
Biometrics are so easy to fake. I read an article about how easy it is to fool the systems, this company tricked a thumbprint reader with some sticky tape and flour and faked a retinal scan with a photo of the persons eye printed on a normal inkjet printer.
