All Top Banking

Posted by John B. Frank Thursday, April 30, 2009


Banking / Finance News
Source: Computing
Complete item: http://www.computing.co.uk/computing/news/2241443/chip-pin-security-goes-trial-4632986

Description:
A trial that could prove to be a test case for the security of chip-and-PIN card technology starts today.

Alain Job is suing Halifax, claiming that a fraudster withdrew £2,100 from his account at cash machines despite the fact he did not lose his card and changed his PIN as soon as he received it. The bank refused to refund the money, claiming that its chip-and-PIN system is secure.

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