Thread: Chip and Pin Fraud
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Old 11-04-2005, 14:12   #42
SMHarman
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Re: Chip and Pin Fraud
Quote:
Originally Posted by gary_580
Rubbish!! The pin isnt stored on the magnetic stripe
No - but the flag (single bit 1/0) that the card is C&P can be changed so the fraudulant user is not asked to use a pin number, but sign instead.
__________________

Quote:
Originally Posted by bob_builder
I have seen retailers asking for photo ID when people cannot remember their PIN and ask to sign.
As their liability for fraud is now significantly increased.
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