Is the UK that far advanced?
Dec 7th 2006 | 7:09 am
#91
Banned
Joined: Sep 2006
Posts: 210
Re: Is the UK that far advanced?
Originally Posted by elfman
07/07/2006
Australia's House of Representatives economics committee has called for the introduction of chip and PIN technology to replace the current signature-based card payment system.
....
The committee found Australia has fallen behind in implementing safety measures to protect against payment card fraud. The proposals follow calls earlier this year from the head of the Australian Federal Police (AFP) for banks in the country to speed up the introduction of chip and PIN technology. AFP Commissioner Mick Keelty warned banks that the continuing use of magentic stripe cards has left Australia more vulnerable to identity fraud than most parts of Asia, Europe and the US.
http://www.finextra.com/fullstory.asp?id=15550
Australia's House of Representatives economics committee has called for the introduction of chip and PIN technology to replace the current signature-based card payment system.
....
The committee found Australia has fallen behind in implementing safety measures to protect against payment card fraud. The proposals follow calls earlier this year from the head of the Australian Federal Police (AFP) for banks in the country to speed up the introduction of chip and PIN technology. AFP Commissioner Mick Keelty warned banks that the continuing use of magentic stripe cards has left Australia more vulnerable to identity fraud than most parts of Asia, Europe and the US.
http://www.finextra.com/fullstory.asp?id=15550
Dec 7th 2006 | 8:29 am
#92
Gutter Gob!!
Joined: Feb 2005
Posts: 13,098
From: Perth
Re: Is the UK that far advanced?
Originally Posted by denver
In WA, I have been paying using the chip and pin system for years! If you use an ATM debit card, you can't use anything else if you pay for goods. ????????????? I must be living in a paralell universe. They must mean for credit cards.
Dec 7th 2006 | 8:32 am
#93
beam me up scotty
Joined: Aug 2006
Posts: 735
From: theres no intelligent life here
Re: Is the UK that far advanced?
Originally Posted by denver
In WA, I have been paying using the chip and pin system for years! If you use an ATM debit card, you can't use anything else if you pay for goods. ????????????? I must be living in a paralell universe. They must mean for credit cards.
the pin system used in Australia for the last 15-18yrs relies on the magnetic strip on the back to store info this is NOT a chip ,embedded chips have only been available for the last couple of years globally for credit/debit cards so yes you are in a parallel universe or just fantasy land.
Dec 7th 2006 | 8:57 am
#94
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: Is the UK that far advanced?
Originally Posted by denver
In WA, I have been paying using the chip and pin system for years! If you use an ATM debit card, you can't use anything else if you pay for goods. ????????????? I must be living in a paralell universe. They must mean for credit cards.
You can however opt for SMS confirmation via your mobile for any debit over a certain amount.
One thing where Aussie banks are atrocious is on their bank charges, Apparently some of the worst in the world.
