Quote:
Originally Posted by Chrysalis
chip and pin is inhenrintly insecure due to the weak limitations set however I have little doubt its more secure than cheques, as to do fraud on cheques is very easy just need to forge signature.
I will ask my sister if she gets hit by bank for what she does (writes dodgy cheques to keep people of her back)
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To be fair it does sound like its all to save the banks from cheque bouncing rather something to aid peoples security. I wonder if this is common abuse of cheque writing.
Never used it to write a cheque with view money will be in the bank later and I believe you can be done for fraudalently writing a cheque knowing funds are not present.
Although it can indeed be problem with fraud I am sure its down to lazy people not writing cheques properly so it cant be altered. ie making 100 look like 1000.
I always made sure its written with lines filling gaps so its impossible to tamper. I never trust people and always make sure it cant be tampered. I wonder how many make the cheques easy to tamper.