Hi guys, Can anyone confirm if Capital One are now issuing cards with chips in? If they are, is it easy for me to get them to issue a new card to me with a chip? There is no reason for a replacement other than the chip, as I want the extra security. If that's the case, will they charge me?
Thanks in advance,
Simon
"
Everyone is rolling them out over this year, so be patient you'll get yours. At the moment there will be no extra security from having one since there are almost no readers fitted anywhere.
In message ,
No idea if they are doing it yet, but i'm sure they will be shortly as it appears to be the new standard.
Just call them and say your card has become corrupted because it was cracked when you sat on it. They'll send a new one FOC.
"
There was a leaflet in my most recent bill on the fact that will start issuing Chip and PIN cards sometime in the near future.
However, as has been said - there is no point in you having one atm as no one is actively using the system in the UK so you won't benefit from any extra security.
Regards Sunil
What about if you're a globetrotter?
^^^^^^^^^^^^^^^^^^^^^^^^^^ Do you get lots of spam?
Anyway, if you restrict your trotting to France you'd probably be ever so slightly more secure but otherwise AFAIK, its a similar situation to the UK. Also, you'd have to be very unlucky to actually be liable anyway, since the CC co's cover the cost. A few weeks ago someone bought 800 worth of tickets on one of my cards in Spain I was in the UK at the time. Whether it was chipped and pinned would have made no difference, and in any event I certainly didnt pay.
Actually, I believe the system in France is incompatible with the internationally agreed "Chip and Pin" system and will have to be changed as well...
Regards Sunil
LOL. That gives the froggies another reason to refuse english credit cards!
Anyway, upshot of all this is that there is no extra security to be gained from getting one of these cards at the moment.
It occurs to me that longer term, there is probably less security for us even if more for the banks. Scenario; Someone fools the system and gets a transaction in (someone can
*always* fool the system). Amount turns up on your cc statement. You complain to cc co. CC co says "it must be someone you know who borrowed the card sir, and sorry but we told you not to disclose your PIN, tough luck". You say ' I wasnt there it wasnt me and I didnt disclose the PIN', CC co says 'our systems are foolproof it must have been you or a relative or friend, get lost'You read it here first :-(
Errm, there are 15,000 chip and pin machines being delivered every week nationwide at the moment. National launch will be April 2004 by which time all retailers should have machines.
Given the natural British tendency towards finishing a job late let us rest assured that it will happen sometime in the summer.
All my debit/credit cards are already chip&pin enabled - which banks are not yet - I see from posters that Capital One are not, any others?
Retailers will have the ultimate say in how they roll-out the new kit - most will opt to phase in chip&pin, retaining the sig strip/signature system for the uninitiated. Most likely the merchant services providers will insist within time that sig strip recognition is removed and only chip&pin utilised.
FWIW All Barclays ATMs will all be Chip&Pin by Mid Year, whilst most newly installed machines already are enabled.
Re increased security - errm hello? Of course it is more secure - even if cloned it will not be usable within UK without corresponding PIN. How is that possibly less secure than the current 'did the retailer's spotty youth check the signature strip' system?!
Marcus Collie
I've used my Chip & PIN Cahoot card a few times in my local Safeway. It seems secure to me, especially as the reader is not fixed to the till - you can hold the reader in your hand and key you PIN in a way that nobody can see you type.
420 million of fraud on UK cards in 2002. Something has to be done to stop the b*st*rds who carry it out - although the fraud will probably move else where!Lots of information about Chip & PIN at
Yes
Why do you say it would make no difference? It isn't the fraudulent transaction that would necessarily benefit but also the fact that there is no reason for the card to leave your possession and no document needed to sign.
"Marcus Collie" wrote in message news:bu794a$e9s$1$ snipped-for-privacy@news.demon.co.uk...
Errm I did say 'at the moment'. Not much security if the machines are being delivered but not used is there :-)
Well, the British Summer isnt my definition of 'at the moment'! Try walking outside in T Shirt and shorts and I think you'll agree.
Its the retailers not the banks that are the issue.
I havent yet come across a bank ATM that doesnt require a PIN, have you? So a chip/pinned card doesnt give extra security at an ATM.
Errm hello , you missed the phrase 'at the moment'. NO one is taking PINS at retailers at the moment. NO extra security at the moment. And the security is more for the banks that us, for decades they have been dragging their heels on better cc security, and the only reason they are doing it now is because *their* losses have got too high.
Thats interesting. My local Safeway has them, I have shopped there recently (this year) several times with a chip and PIN card but not been asked to use it and didnt see anyone else using it. Did you ask?
Indeed, pity the banks didnt start with better security 20 years ago and get everyone used to it but they preferred to carry the cost of the frauds than institute better security and now they have helped create an environment in which fraud is rife.
Yes
Well dont post your email address in the clear then!
Why do you say it would make no difference? It isn't the fraudulent transaction that would necessarily benefit but also the fact that there is no reason for the card to leave your possession and no document needed to sign.
Because if they bought it over the phone chip and PIN wouldnt help. However I take your point re the card leaving your possession, it will reduce the number of places this will occur.
I'm not going to be intimidated by the scum. I'm going to hassle the idiots in government until they put a stop to it. I'm hoping Demon will make a difference with Brightmail and I'm very happy with MailWasher Pro.
We have had ours for about a month at work but only seen two cards asking for a PIN so far, both were Electron, one was a Woolwich the other a Abbey National.
Halifax Switch/Solo are not but AFAIK they are changing them to Visa and Visa Eelctron in the summer. John
First time I used my new Chip & PIN card in Safeway the cashier asked me to type my PIN. This was about 2 months ago when I got my new card from Cahoot (the old signature strip was beginning to fade). Every time I've shopped there since I've paid by PIN.
So far Safeway is the only store to ask me for my PIN on that card. I've also used it in Tesco, but they still asked me to sign the voucher.
Si.
ROFLMAO! Funniest thing I've heard in ages.
I wonder what they will do when people forget their PINs? I'd guess maybe 20 - 50% of people wont know them.
"Si" wrote
If your card were stolen, do you think the thief would only try to use it in the Safeway (or one of the other very few places which require PIN at the moment)?
I'd have thought they'd go somewhere not yet using Chip&PIN, and therefore there really *isn't* any more security at the moment against fraudulent transactions. Not until most (or all) places require the PIN to be entered ...
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