At 0:52 +1000 2/8/13, Paul Brooks wrote: >**In this respect** the technology is safer than the >contact-chip-and-pin, which if cloned allows the crook to get up to >your credit limit in only a handful of transactions, and if stolen >is open to claims you might have written your PIN down or allowed >them to see it in use. (emphasis added)
Possibly so. But this is chickenfeed in comparison with the enormous risk of undiscovered errors and fraud, as a result of statements containing squillions of transactions, many of them imcomprehensible because the merchant-names don't correspond with the shop-name, resulting in sheer impracticality of reconciling that many transactions every month. -- Roger Clarke http://www.rogerclarke.com/ Xamax Consultancy Pty Ltd 78 Sidaway St, Chapman ACT 2611 AUSTRALIA Tel: +61 2 6288 6916 http://about.me/roger.clarke mailto:[email protected] http://www.xamax.com.au/ Visiting Professor in the Faculty of Law University of N.S.W. Visiting Professor in Computer Science Australian National University _______________________________________________ Link mailing list [email protected] http://mailman.anu.edu.au/mailman/listinfo/link
