Thread: Chip and Pin Fraud
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Old 11-04-2005, 16:40   #52
SMHarman
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Re: Chip and Pin Fraud
Quote:
Originally Posted by nffc
Yes but the retailers would then just hike the prices to cover their fraud liablities meaning the consumers suffer anyway.
Not really - it is more to push retailers to move to adopt the new technology rather than moan about the cost. It's a cost benefit analysis for the retailer.
Cost of hardware and software changed vs Benefit of less chargebacks. Theoretically this should when amortised over the life of the C&P process be a +ve number - a reduction in their cost base.
Quote:
Originally Posted by nffc
Well, that's just common sense really.
Yes but this thread already has examples of people telling cashiers in Tesco their pin numbers. The public need better education in social engineering.
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