Westpac - is this correct?
Feb 24th 2009 | 9:19 pm
#61
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Re: Westpac - is this correct?
Whilst you are correct that there are quite a few chip cards out there, hardly any of the termials are chip and pin enabled. I too am always being asked PIN or signature at shops and I don't even have a Credit card with a chip.
In 2007 the major banks in Australia took a conscious decision not move to a mass roll out of chip an PIN until the second half of 2009. What they did do was agree to enable new terminals and some of them started issuing chip cards.
In 2007 the major banks in Australia took a conscious decision not move to a mass roll out of chip an PIN until the second half of 2009. What they did do was agree to enable new terminals and some of them started issuing chip cards.
However, I have noticed these chip readers at a few places, my local chemist being one, as I went to put my card in it, and was told I couldn't as that card didn't have a chip.
I think our Woolworths has them as well, i'll have to double check, when I am in there tomorrow
Feb 24th 2009 | 10:06 pm
#62
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Joined: Mar 2005
Posts: 225
From: Adelaide
Re: Westpac - is this correct?
I've just been reading up on this, and it seems that asking for "PIN or signature" doesn't indicate that they have the chip reading machine after all, as I first thought.
However, I have noticed these chip readers at a few places, my local chemist being one, as I went to put my card in it, and was told I couldn't as that card didn't have a chip.
I think our Woolworths has them as well, i'll have to double check, when I am in there tomorrow
However, I have noticed these chip readers at a few places, my local chemist being one, as I went to put my card in it, and was told I couldn't as that card didn't have a chip.
I think our Woolworths has them as well, i'll have to double check, when I am in there tomorrow
The last thing any country wants is to be the last in its region to deploy this technology as it will be hit by massive card fraud.
Feb 25th 2009 | 9:13 am
#63
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Re: Westpac - is this correct?
I've been reading up on this, and I think the non-urgency is down to such little credit card fraud in Australia, compared to other countries.
Although it is increasing, so causing the banks to find the investment in this more worthwhile now.
However, 48% of all card fraud in Australia, is with the "Card-not-present" transactions, so it won't cut it down by a massive amount.
In the UK, the payment card fraud rate is $1.18 (AUD) per $1000 and in Australia it is much lower at 31 cents per $1000.
http://www.bankers.asn.au/APCA-fraud...r/default.aspx
http://www.bankers.asn.au/APCA-fraud...r/default.aspx
However, 48% of all card fraud in Australia, is with the "Card-not-present" transactions, so it won't cut it down by a massive amount.
Feb 25th 2009 | 9:04 pm
#64
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Re: Westpac - is this correct?
I'm so surprised chip & pin is not common in Oz.
When I lived in NZ 10 years ago they had it then and wherever I went in shops I put my pin in rather than signing.
They were one of the first countries to trial this system, apparently, and I know Oz and NZ are completely different countries but technology wise I thought they'd be similar.
When I lived in NZ 10 years ago they had it then and wherever I went in shops I put my pin in rather than signing.
They were one of the first countries to trial this system, apparently, and I know Oz and NZ are completely different countries but technology wise I thought they'd be similar.
Feb 25th 2009 | 9:23 pm
#65
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Re: Westpac - is this correct?
I'm so surprised chip & pin is not common in Oz.
When I lived in NZ 10 years ago they had it then and wherever I went in shops I put my pin in rather than signing.
They were one of the first countries to trial this system, apparently, and I know Oz and NZ are completely different countries but technology wise I thought they'd be similar.
When I lived in NZ 10 years ago they had it then and wherever I went in shops I put my pin in rather than signing.
They were one of the first countries to trial this system, apparently, and I know Oz and NZ are completely different countries but technology wise I thought they'd be similar.
http://management.silicon.com/itdire...9122813,00.htm
Chip and PIN cards look the same as standard magnetic-strip cards, but inside the chip and PIN cards have a computer chip. The main difference to you is that instead of signing for each purchase you enter a four-digit number into a keypad at the cash register, much like you do when withdrawing cash at an ATM machine. It's nothing new - it's was used in France, Australia and New Zealand for around 10 years before coming to the UK. [in 2006]
Or am I getting confused
Maybe I am, I just saw this aswell: http://www.whatprice.co.uk/financial...edit-card.html
What other countries will adapt the standard?
Well, France has had a system of chip and pin in place since about 1993. <snip> New Zealand and Australia also have a similar chip and pin system
Well, France has had a system of chip and pin in place since about 1993. <snip> New Zealand and Australia also have a similar chip and pin system
Feb 26th 2009 | 12:58 am
#66
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From: Watford, UK and now Hervey Bay
Re: Westpac - is this correct?
Thanks ABC Diamond, it seems I may have been getting confused too. What NZ had 10 years ago was EFTPOS, which is card & pin without the chip.
What I don't get is why the addition of a little chip in the card changes whether you sign or whether you enter the pin but I think that was what the previous poster was trying to explain!
What I don't get is why the addition of a little chip in the card changes whether you sign or whether you enter the pin but I think that was what the previous poster was trying to explain!
