A not entirely surprising, development of the beholder to security, the chip apparently safe and PIN system in the UK credit and debit cards can be easily broken and fraudulent transactions are possible. Not surprisingly, the British banks goes without saying that it is not our problem. The system of chip and PIN is designed to alleviate the blame for the deception of customers walk by the banks to allow the fraud in the first place. And now with RFID in credit cards and debit cards in the UK, fraud is easier andimpossible to deny. Recorded by Newsnight, February 11, 2010.
Tags: uk, credit, debit, card, chip, pin, insecure, security, broken, fraud, fraudulent, transaction, transactions, rfid, banks, crooked, customer, liable
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