18 July 2018
Visit www.avoka.com

One in five shoppers shun Chip and PIN - Visa

15 December 2004  |  11842 views  |  0 One in five shoppers shun Chip and PIN - Visa

One in five UK Chip and PIN cardholders are still using a signature rather than a PIN number to verify payments, according to research conducted by Visa.

Currently three in five cardholders in the UK have a Chip and PIN card. But the Visa research suggests that 20% of Chip and PIN cardholders in the UK are not using their PIN because they can't remember it.

Alomst a quarter (24%) of respondents said they didn't use their PIN number because retail staff did not encourage them to. Furthermore, the same number said they were not even given the option to enter their PIN, even though they would feel comfortable to do so.

But the research found that five per cent of respondents chose not to use a PIN because they were "nervous" about the new way to pay.

From 1 January 2005, retailers will be liable for fraudulent transactions and can refuse to accept signatures if the customer has a Chip and PIN card.

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

Local stores in the dark over chip and PIN

Local stores in the dark over chip and PIN

15 October 2004  |  4958 views  |  0 comments
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  |  7634 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  |  6154 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  |  4984 views  |  0 comments
Research highlights consumer fears over chip and PIN

Research highlights consumer fears over chip and PIN

11 August 2004  |  6587 views  |  0 comments
Chip and PIN launches memory campaign

Chip and PIN launches memory campaign

10 August 2004  |  5382 views  |  0 comments
Retailers unconvinced by Chip and PIN

Retailers unconvinced by Chip and PIN

18 May 2004  |  6175 views  |  0 comments
Banks slip on chip and PIN timetable

Banks slip on chip and PIN timetable

26 January 2004  |  7694 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9783 views comments | 5 tweets | 14 linkedin
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
9562 views comments | 3 tweets | 7 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9336 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
8563 views 19 comments | 14 tweets | 30 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
8030 views comments | 1 tweets | 5 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job