helen-louise (baratron) wrote,

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combating card fraud

There was a tiny article in today's Evening Standard which read as follows: Britain's biggest banks and retailers are clubbing together with a £1.1 billion scheme in a bid to curb plastic card fraud. ... All 100 million debit, credit and charge cards in Britain will be replaced in the next three years with new, more sophisticated versions. The cards will incorporate computer chips to make them more difficult to copy. Owners will also be required to pay for goods and services by tapping a PIN into a machine, rather than signing chits of paper.

It's nice to see the British banking industry moving into line with the rest of Europe, where chips have been routinely used in credit cards for at least the last 10 years.

In other news, the South West Trains strikes scheduled for next week are off. They might return at a later date if the talks fail.

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