Re: Alternative to Cardnet Chip and Pin Machine

The victims:

The genuine cardholder can prove without a shawdow of a doubt that they
didn't carryout the transaction (something a PIN can't do), therefore
no disputed transaction or liability. I would expect the genuine
cardhodler to thank the retailer using this system.

The retailer: In the first instance this system deters. If however the
retailer retains their version of the transaction slip complete with
the perpetrators print, then it would be a very foolish card merchant
bank which would insist on a chargeback as the retailer has supplied
the card issuer/police with forensic evidence. (Advice given to
retailers who intercept a suspect card is to handle it by the edges -
the reason? The perpetrators prints hopefully are on the card).

The card issuer: They system is proven, and where fraud did occur then
the chances of apprehending the perpetrator increases expotentially.

.

Relevant Pages

  • Re: When is a transaction legally binding?
    ... responsible if the transaction later proves to have been fraudulent, ... the card holder. ... but why was chip and PIN sold to the public as being about ... So it is of benefit to both you as the cardholder, and to the retailer ...
    (uk.legal)
  • Re: Alternative to Cardnet Chip and Pin Machine
    ... it just leaves more evidence of who ... > still use a stolen card (and leave evidence ... > the person who actually performed the transaction ... ... the retailer should expect a chargeback too... ...
    (uk.business.accountancy)
  • Re: When is a transaction legally binding?
    ... responsible if the transaction later proves to have been fraudulent, ... the card holder. ... PIN number being given? ... So it is of benefit to both you as the cardholder, and to the retailer ...
    (uk.legal)
  • Re: Alternative to Cardnet Chip and Pin Machine
    ... it just leaves more evidence of who ... actually performed the transaction - How could the genuine cardholder ... The simple answer is that the retailer is providing the card issuer, ... the police and the genuine cardholder with forensic evidence of who did ...
    (uk.business.accountancy)
  • Re: Alternative to Cardnet Chip and Pin Machine
    ... > The genuine cardholder can prove without a shawdow ... > of a doubt that they didn't carryout the transaction ... ... it just leaves more evidence of who ... > which would insist on a chargeback as the retailer has ...
    (uk.business.accountancy)