13 December 2017
visit www.solutions.lexisnexis.com

Local stores in the dark over chip and PIN

15 October 2004  |  4869 views  |  0 cards retailer with card

Nearly half the local stores in the UK have taken no action to install technology capable of handling chip and PIN card payments in time for the end-of-year switchover.

A poll of 500 independent retailers by trade magazine Independent Retail News across England, reveals just how far behind many retailers are. After 1 January, any stores without Chip and PIN are personally liable for any subsequent fraudulent payments at the point-of-sale.

Despite the warnings and a high profile advertising campaign to get retailers on board, 59% have taken no action, while 47% do not expect to meet the deadline.

“Not only do the public seem unaware of the new chip and PIN cards, but the retailers expected to accept them are worryingly equally in the dark," says Richard Siddle, editor of Independent Retail News.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Chip and PIN backfires as cards go astray in the post

Chip and PIN backfires as cards go astray in the post

15 September 2004  |  7551 views  |  0 comments
ID theft set to rise as card fraud falls - Datamonitor

ID theft set to rise as card fraud falls - Datamonitor

25 August 2004  |  6046 views  |  0 comments
Ad campaign aims to educate cardholders about chip and PIN

Ad campaign aims to educate cardholders about chip and PIN

23 August 2004  |  4896 views  |  0 comments
Research highlights consumer fears over chip and PIN

Research highlights consumer fears over chip and PIN

11 August 2004  |  6470 views  |  0 comments
Chip and PIN launches memory campaign

Chip and PIN launches memory campaign

10 August 2004  |  5296 views  |  0 comments
Egg combats Chip and PIN memory fears with online recall

Egg combats Chip and PIN memory fears with online recall

24 May 2004  |  5902 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.solutions.lexisnexis.comvisit www.atos.net

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12140 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9327 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
7919 views comments | 17 tweets | 35 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7334 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7167 views comments | 20 tweets | 11 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job