[Gllug] [ot] borked net transaction

[John Winters]

> On Friday 06 May 2005 16:07, Tethys wrote:
>> "t.clarke" writes:
>> >Perhaps Tet would care to enlighten us as to actually what DOES happen
>> if
>> >you dispute a credit card transaction ...
>>
>> You may get your money back. But the blind faith in the system that
>> assumes you *will* get your money back is somewhat naive. Chip and PIN
>> has also made the situation worse for consumers, and you are now less
>> likely to get your money back ("but your PIN was used -- it must have
>> been you").
>
> "Chip and PIN" makes the situation *far* worse, as the PIN is held on the
> card
> - it's fairly trivial to discover

Err, no.  If it were trivial to discover then there would be absolutely no
point in chip and pin cards at all.

The point is, the card may know what the PIN is but it has no option to
allow the PIN to be read.  All it will allow is for a proposed PIN to be
checked.  The banks may not be perfect but they're not stupid.

There are lots of potential problems with chip and PIN cards but this - at
the current levels of technology - isn't one of them.

John

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