Touch And Pay Credit/Debit Card System - 8th May 2007 2:28pm
Originally Posted by BBC News
UK consumers will soon be able to settle bills of less than £10 with a touch of their credit and debit cards.
The system, which is being led by Visa and Mastercard, will be running from September, said payment group Apacs.
Instead of swiping their cards and entering a security code, or signing a receipt, users will only have to hold them against a special secure reader.
Critics have questioned whether the system will be secure enough and warned it may lead to a rise in card fraud.
The system, which is being led by Visa and Mastercard, will be running from September, said payment group Apacs.
Instead of swiping their cards and entering a security code, or signing a receipt, users will only have to hold them against a special secure reader.
Critics have questioned whether the system will be secure enough and warned it may lead to a rise in card fraud.
Hmmm with all the concerns over the security of the chip and pin service, I don't think this is a good step right now. They would be far better sorting out fraud then introducing new measure which have the potential to increase the risk of it.
BBC News Report