12-02-2010, 09:06
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#3
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God Member
Join Date: Apr 2004
Location: Up Bash
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Re: Chip and Pin
at the minute the Barclays contactless is only in real use for Oyster travel in London although the kit to make it useable for transactions under 15 quid is now available.
I have it on my Barclaycard and I noticed that Julies new Debit card has it as well ( theres a little logo that tells you )
The BIG difference for fraud etc on C&P was that in teh old days the people on teh tills rarely checked signatures and felt worried about challanging people if they thought it didn't match. The C&P system meant that every transaction was properly 'authenticated' and the cashier had no control over teh outcome.
When it comes to authentication nothing is impervious, it just takes time to crack. Security is there to make it harder to steal in the same way that your 60K new BMW has deadlocks, double glazed windows, you name it to stop it being stolen but throw some straps underneath and use a flat bed with a crane and lift it away, job done, take it where you have weeks to take your time to get into it/rob whatever you want.
Also the Banks do not control or design the C&P system. Its an agreed standard published by a coalition of VISA and Mastercard that all Banks have to meet. As such even if Barclays/HSBC had a fix for it they could not implement it as it would break teh rules in place.
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