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Cheat Sheet Since Chip and PIN was launched Apacs, the UK payment industry body, says it has had a significant impact in reducing fraud. Chip and PIN cards look the same as standard magnetic-strip cards, but inside the chip and PIN cards have a computer chip.
[13 Jun 2007]
Cheat Sheet Most often that sort of data transfer takes the form of payment - by swiping the phone over a reader, payment can be deducted for a purchase. Alternatively, NFC cards or phones can be stocked up in advance with credit and then used as payment.
[20 Apr 2006]
Cheat Sheet The computer inside the till will take your tap as confirmation of payment and subtract the right amount from your account. Contactless payments (CP) - what's that, then? Rather than hand over cash, sign your name or even do the chip and PIN thing...
[11 Oct 2005]
Cheat Sheet Indeed, payment industry body APACS recently said the banking industry had ruled out biometrics on credit and debit cards because the false rejection levels are still too high for use on that kind of scale.
[22 Nov 2004]
Cheat Sheet Typically these scams involve a spoofed email - often claiming to be from a bank or a payment services company such as PayPal. Isn't that spelled wrong? Rods, reels, hook, line and sinker and all that.
[25 Jun 2004]
Cheat Sheet Microsoft's Passport wallet stores credit card data but can also handle other payment systems such as digital cash and electronic cheques. Rings a bell but do remind me Buying pricey items on the web is easy.
[21 Mar 2002]
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