[Gllug] natwest fantasticness

[John Winters]

On Tue, 2004-04-06 at 13:57, Tethys wrote:
> Simon Perry writes:
> 
> >I reckon the new cards/system are called *chip* and pin because they use 
> >a *chip* not a magnetic strip.
> 
> They use both, and yes, the PIN is stored on the magstripe.

Really?!  I admit I'm not familiar with the latest developments on this
front but it never used to be when I was working with them.  Putting the
PIN on the mag stripe would completely defeat the security of having a
PIN.

John

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