On 26 November 2011 23:14, Rony <[email protected]> wrote: > Nowadays certain 'Big...' shopping malls do not accept debit cards which > have PIN codes. They want cards that can be swiped without any PIN > authentication. This is a security risk if the card is stolen. It is > simply hard cash in the thief's hand. I use netbanking only to pay bills.
Are you talking of the "Chip and Pin" cards? As far as I know, they are not mandatory in India, and the PoS devices required for them are still not available. Anyway researchers have proved that despite all the claims by the banks, they aren't any better. See, for example: http://www.theregister.co.uk/2010/02/12/chip_pin_security_unpicked/ All these cards do is to allow the banks to blame the consumers for everything. A sort of risk transfer. :-) Also remember, if a store displays the Visa logo and does not accept a card with the same logo, you can complain to Visa. This can potentially lead to the store being fined heavily and its merchant status cancelled. Binand -- http://mm.ilug-bom.org.in/mailman/listinfo/linuxers
