Times: Fraud victims left in the lurch by banks

At 09:58:10 on 17/01/2006, Mike Scott delighted uk.finance by announcing:

None. They've decided they can't be bothered.

Yes. And, due to the embossing on the front, they even work in those manual imprinters that 80% of the world's card-accepting merchants are still using.

Alex wrote: ...

In other words, copying the stripe and emailing the info to your foreign friend will continue to offer lucrative business, irrespective of what changes are made at home.

At 16:20:15 on 17/01/2006, Mike Scott delighted uk.finance by announcing:

It may indeed. That's then the problem of the foreign acquiring bank and/or merchant unless the issuing bank was contacted for authorisation.

I still have a UK issued magstripe only Amex card. I have not had anything from Amex saying that it won't work in ATMs after 14 Feb. Of course, it is possible that I will get a replacement before then.

At 18:05:47 on 17/01/2006, s snipped-for-privacy@yahoo.com delighted uk.finance by announcing:

Amex are, of course, under no obligation to follow the EMV standards. They issue and acquire their own cards and have their own set of rules. VISA and Mastercard mandates carry no weight with them (and similarly with GE Capital and other such schemes). However, I believe Amex are issuing EMV-compliant cards as and when the non-EMV ones expire.

Fair comment!

That is no different that the situation here pre-C&P. Overseas use isnt (at the moment) a problme for cloned magstripe cards.

A) Not much.

b) Only magstripe bit.

In message , Mike Scott writes

How much fraud has been committed this way?

No, faulty logic. The system still needs the authorisation of the holder and the ability to validate that authorisation can not be left to humans (i..e the cashier that 'checks' the sig (supposedly), it needs the chip to to check the pin.

I know. Why not see what happens?

OK, so the mere thef6t of a card is now good enough to perform transactions at till etc.,? It needs the holder's authorisation surely?

Yes, but that means the card is still an old magstripe OR it is a C&S (which is only there for those who are disabled and which does not give the security of C&P.

Yes. I agree with that. I think this should be taken up by the nanny state and the office of the deputy prime minister should make this an offence in which the bank cashier is subject to an instant purple ticket and a fine of however much is their till at the time.

Practical Lesson 43 (c)

Equipment :

One inflated Mars Bar.

One Pin.

In message , Mike Scott writes

On that basis crime 'reduction' is useless. Only crime 'eradication' would be of any use. As the latter is clearly unattainable in the short term, are you saying that this invalidates any attempt at crime reduction?

What I mean is that the UK ATMs will handle all UK cards as C&P.

I have one of those as well. It is not a C&P card so there is no problem.

As it happens I'm having a clown done on a tooth. At least thats what I think the dentist said.

My Amex card does have a chip (issued relatively recently -- I think as little as a year ago it was still stripe-only) and it works with chip readers but it does not ask for (nor have I been given) a PIN.

Sorry, I should have waited until I thought of a better one, like "Would that be an example of the economy overheating?".

"You fought in the clone wars?" - Luke Skywalker