Shoppers swap pens for pins

Shoppers may soon be swapping the pen for the pin as a new scheme to beat credit card fraud, went on trial this week.

A test run was rolled out in Northampton stores on Monday and shoppers were asked to use a personal identification number (Pin) when buying goods rather than signing a credit slip.

The initiative, known as Chip and Pin, is part of a bid to put an end to credit card fraud, which in 2001 cost half a billion pounds.

Taken from Chronicle:   Volume 63,  24th May 2003.

 

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