Credit Cards and Pin Numbers

[Its_Only_Money]

Info I have is that you can request your own credit file info as many times as you want, it doesn't show up as a "proper" credit search. Request your own file twice and you'll see that the first search for your own report isn't listed on the searches on the second report so it seems to work that way.

Load's of "proper" credit file searches on your will no doubt raise a warning flag to those subsequently searching though.

I still don't understand the standard credit media story though of so-and-so who has been able to obtain 20+ cards in their own name??????

 

[BlueMan]

I don't think you would prefer that if you thought about it. If your signature is copied it is generally fairly easy to demonstrate that it isn't yours and the bank takes the loss. If someone steals and uses your pin the bank will (at some point in the future) claim that it was you that used the pin as it is secret. the loss falls on you. How would you prove that you didn't use your pin?

Have you thought that the card only has one pin. It is the same for purchases and ATM transactions. Now someone can skim your pin from a dodgy reader, steal your card and walk up to an ATM. Previously they had to attach a fraudulent device to the rather more well protected ATMs to skim your card.

These changes are all for the bank's benefit. They really don't improve things for us at all.

 

[BlueSkyNick]

Bit late responding on this one as we have been away for a week ...... in Spain with Steve Clayton, as it happens.

We went out for dinner one evening and when I paid with my credit card I put in the third digit wrongly. Realising what I had done, rather than enter the fourth digit I pressed the Cancel button. Instead of being asked to start again from scratch, the machine told me the transaction was authorised - and printed out the receipt to prove it! So it seems there was no validation of the PIN at all - scary !!