Menu
19/05/2003
Card fraud pilot scheme begins
A new fraud-busting pilot scheme got under way in Northampton today that will see the end of signatures as a method for transacting credit card business.
As part of the Chip and PIN Programme, retailers in the town have received new technology over the past few weeks that allow customers to type in a four-digit PIN rather than simply sign a receipt. Microchip technology has also been installed on the debit/credit card which more securely stores personal data more than the current magnetic stripe – so it is much harder to counterfeit.
Shops, pubs and hotels, restaurants, supermarkets and garages across the town are beginning to trial the system and, in coming weeks, a total of 150,000 people in Northampton – more than half the adult population – will be sent new cards from their banks.
Spokesperson for the Chip and PIN Programme, Sandra Quinn, said: “It’s really exciting to see the first chip and PIN transactions take place. We’re learning valuable lessons in Northampton for the national roll out which will tackle UK card fraud head-on, on an unprecedented scale.”
The trial will continue throughout June and July and it is then expected to be rolled out across the UK. Over the next 18 months, more than 850,000 retailer terminals, 120 million cards and 40,000 cash machines will be upgraded as the scheme progresses.
Safeway store manager Graham Pye said: "The introduction of chip and PIN in our store has gone really smoothly. Our customers seem to be quite comfortable with entering a PIN instead of signing their names and people are certainly keen that it foils the fraudsters.”
The Chip and PIN Programme is backed by banks, card companies, building societies and retailers, coordinated by the British Retail Consortium (BRC) and the Association for Payment Clearing Services (APACS). They have joined forces to combat the serious problem of card fraud in the UK.
Chip and PIN is a more secure way for the UK's 40 million consumers to use their credit, debit and charge cards. Most UK cardholders will be using it by 2005.
(GMcG)
As part of the Chip and PIN Programme, retailers in the town have received new technology over the past few weeks that allow customers to type in a four-digit PIN rather than simply sign a receipt. Microchip technology has also been installed on the debit/credit card which more securely stores personal data more than the current magnetic stripe – so it is much harder to counterfeit.
Shops, pubs and hotels, restaurants, supermarkets and garages across the town are beginning to trial the system and, in coming weeks, a total of 150,000 people in Northampton – more than half the adult population – will be sent new cards from their banks.
Spokesperson for the Chip and PIN Programme, Sandra Quinn, said: “It’s really exciting to see the first chip and PIN transactions take place. We’re learning valuable lessons in Northampton for the national roll out which will tackle UK card fraud head-on, on an unprecedented scale.”
The trial will continue throughout June and July and it is then expected to be rolled out across the UK. Over the next 18 months, more than 850,000 retailer terminals, 120 million cards and 40,000 cash machines will be upgraded as the scheme progresses.
Safeway store manager Graham Pye said: "The introduction of chip and PIN in our store has gone really smoothly. Our customers seem to be quite comfortable with entering a PIN instead of signing their names and people are certainly keen that it foils the fraudsters.”
The Chip and PIN Programme is backed by banks, card companies, building societies and retailers, coordinated by the British Retail Consortium (BRC) and the Association for Payment Clearing Services (APACS). They have joined forces to combat the serious problem of card fraud in the UK.
Chip and PIN is a more secure way for the UK's 40 million consumers to use their credit, debit and charge cards. Most UK cardholders will be using it by 2005.
(GMcG)
Related UK National News Stories
Click here for the latest headlines.
02 October 2003
UK roll out for credit card security scheme
A new credit card security programme is set to be rolled out across the UK, the Chip and PIN Programme revealed today. Confirmation of the rollout and release of the plans follow a successful chip and PIN trial this summer in Northampton. The first chip and PIN cards outside Northampton will hit streets around the UK this month.
UK roll out for credit card security scheme
A new credit card security programme is set to be rolled out across the UK, the Chip and PIN Programme revealed today. Confirmation of the rollout and release of the plans follow a successful chip and PIN trial this summer in Northampton. The first chip and PIN cards outside Northampton will hit streets around the UK this month.
11 April 2003
Anti-credit card fraud initiative unveiled
Banks, building societies and retailers have joined forces for an initiative designed to combat credit and debit card fraud in the UK. It is hoped that the 'Chip and PIN' programme will help reverse the rising tide of credit card fraud in the UK – a trend which topped a record £424.6 million in 2002.
Anti-credit card fraud initiative unveiled
Banks, building societies and retailers have joined forces for an initiative designed to combat credit and debit card fraud in the UK. It is hoped that the 'Chip and PIN' programme will help reverse the rising tide of credit card fraud in the UK – a trend which topped a record £424.6 million in 2002.
10 October 2005
Chip and PIN reducing card fraud
Chip and PIN cash cards are helping to reduce credit and debit card fraud in the UK, a banking body has reported. The Association of Payment Clearing Services (Apacs) reported that the cost of counterfeit and lost and stolen card fraud between January and June 2005 was £89.9 million – a drop of nearly a third from £126.
Chip and PIN reducing card fraud
Chip and PIN cash cards are helping to reduce credit and debit card fraud in the UK, a banking body has reported. The Association of Payment Clearing Services (Apacs) reported that the cost of counterfeit and lost and stolen card fraud between January and June 2005 was £89.9 million – a drop of nearly a third from £126.
22 August 2013
Customers To Be Reimbursed Following Mis-Sold CPP Card Protection
The Financial Conduct Authority (FCA) has reached an agreement with Card Protection Plan Limited (CPP) and 13 high street banks and credit card issuers, that will pave the way for redress to be paid to customers who were mis-sold CPP's Card Protection and Identity Protection policies.
Customers To Be Reimbursed Following Mis-Sold CPP Card Protection
The Financial Conduct Authority (FCA) has reached an agreement with Card Protection Plan Limited (CPP) and 13 high street banks and credit card issuers, that will pave the way for redress to be paid to customers who were mis-sold CPP's Card Protection and Identity Protection policies.
08 October 2003
M&S backtracks over &More credit card after OFT probe
Marks and Spencer Financial Services (MSFS) has changed the way it will offer to replace its store cards by the &More credit card after action by the Office of Fair Trading. MSFS had sent out letters to many card holders saying that its store card would automatically be replaced by the &More credit card unless card holders objected.
M&S backtracks over &More credit card after OFT probe
Marks and Spencer Financial Services (MSFS) has changed the way it will offer to replace its store cards by the &More credit card after action by the Office of Fair Trading. MSFS had sent out letters to many card holders saying that its store card would automatically be replaced by the &More credit card unless card holders objected.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
