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Saw an article this morning about how chip and PIN security on debit /
credit cards can be bypassed
http://resources.zdnet.co.uk/articles/0,1000001991,40022669,00.htm
In case it happens to anyone, the regulations are now clear
Quote from FSA http://bit.ly/cf4kDu
Full link
http://www.moneymadeclear.fsa.gov.uk/news/product/payment_services_regulations.html
Unauthorised transactions â if you think a transaction on your
account was not authorised by you, the bank or building society will
need to prove either that you authorised it, or that you either
deliberately or carelessly allowed someone else to get hold of your
password or PIN. Just because your PIN was used will not
necessarily be enough to prove that this is the case. Unless the
bank or building society can prove this, it will have to refund your
account immediately. If it can show that it needs to investigate the
claim, then that investigation must be done quickly (within a few
days).
End Quote
I believe this means that the financial institution needs to show that
you were careless. Not you prove you were not.
--
Henry
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