chip-and-pin inbox

White Stuff settles on secure EPOS network

News The network replaces in part the retailer's existing system provided by Prologic, which was originally brought in to handle Electronic Funds Transfer (EFT) data, one of the components needed to receive Chip and PIN payments. [02 Apr 2008]

Card fraud up by a quarter to £535m

News Apacs said £535.2m was lost to card fraud overall last year, due mainly to stolen UK card details used in countries yet to upgrade to chip and PIN - a 77 per cent rise on the year before.silicon.com Retail & Leisure [12 Mar 2008]

HSBC computer fault denies customers account access

News Shoppers across the UK trying to use their HSBC Maestro debit cards were unable to withdraw cash from ATMs or had their chip and PIN cards rejected by retailers. Get the latest financial services news straight to your inbox. [25 Feb 2008]

Online banking fraud plummets

News Apacs said the introduction of chip and PIN has made it harder for criminals to commit card fraud in the UK, forcing them to go abroad where the tech is not in place. But Apacs predicts this effect will lessen as more countries roll out chip and... [04 Oct 2007]

Chip and PIN security warning for retailers

News Retailers are being warned to beef up chip and PIN security to prevent fraudsters stealing card and PIN details by bugging terminals or 'shoulder-surfing' other customers. The UK payments association Apacs has produced the Transactions with your... [06 Sep 2007]

Co-op Group polls customers at the till

News The system builds on an existing Epos upgrade which was driven by the migration to chip and PIN payment methods in 2006. At the time the majority of the retail sector was making the move to chip and PIN, it was often suggested that the new systems... [10 Aug 2007]

Would you credit it? The debit card turns 20

News Cunnington said the recent introduction of chip and PIN payments was another big change for debit card transactions. Get the latest financial services news straight to your inbox. And 20 years later, around 68 million debit cards are in circulation... [01 Jun 2007]

Barclays rings in dot-mobi banking

News Barclays is the first organisation in the UK to roll out chip and PIN devices to more than half a million online banking customers, and it already offers an SMS text-alert payment confirmation system to combat potential fraud. [23 May 2007]

RBS dishes out chip and PIN readers

News The Royal Bank of Scotland (RBS) is dishing out chip and PIN devices to its online banking customers. The chip and PIN card readers will be sent to customers free of charge and people will start receiving the devices this week. [03 May 2007]

Chip and PIN slaps face-to-face fraud

News Incidents of face-to-face credit and debit card fraud have tumbled by 67 per cent since the introduction of the chip and PIN standard 24 months ago. According to Apacs cards and fraud control manager of operations, Martin Lewis, and head of cards... [02 May 2007]

Boots aiming to shave £30m off annual IT costs

News Just over £200m of that new investment went into the in-store IT infrastructure, which includes a new pharmacy system that will link to the NHS' e-prescription service, 15,000 new touchscreen tills to replace the 17-year-old ones in the shops... [25 Apr 2007]

Retailers fear contactless payments

News With contactless card reader tech currently costing around $100 per unit, when this is added to the cost of integrating the devices into chip and PIN systems large retailers have another disincentive to accept contactless. [24 Apr 2007]

Retailer Clinton's to profit from Epos analysis

News Clinton Cards is about to roll out a chip and PIN electronic point of sale (Epos) system costing just under £3m to its store estate. Get the latest retail and leisure news straight to your inbox. The retailer forecasts the system will reduce costs... [20 Apr 2007]

Online fraud up but card fraud down

News An Apacs spokeswoman said this fall is mainly due to the introduction of chip and PIN payment tech in the UK. The spokeswoman said: "It's [chip and PIN] having the effect that it was brought in for. The banking industry is working on the next... [15 Mar 2007]

Chip and PIN takes off with BA

News British Airways has rolled out chip and PIN pads on its entire fleet of 850 planes. BA is the first UK airline to achieve 'end to end' chip and PIN accreditation with the banks - which means every part of the payment process from the point at which... [05 Feb 2007]

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