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Chip & Pin

Cash v Contactless payment

Wednesday, August 25th, 2010

‘Battle is on’ between cash and contactless payments
The duel between cash and contactless has reached a new peak recently, with parties on both sides making the case for the longevity and relevance of each payment method, says Adam Holt, head of retail at Ingenico.
He said: “On one side, ‘cash champions’ have stated that cash shows […]

Police recover stolen Chip & PIN terminals

Wednesday, August 13th, 2008

Police last night charged two people with conspiracy to defraud after raiding a counterfeit payment card factory in Birmingham.
A statement from the dedicated cheque and plastic crime unit (DCPCU) explained that it believes criminals have been tampering with retailers’ Chip & PIN terminals in order to steal card transaction data and PINs from these machines.
Recovered […]