Re:Request For Research: Basic Income
by makomk on Friday January 29, 2016 @05:16AM
(#10994447)
Generally, if the bank thinks your PIN was used you're liable for all the fraudulent transactions rather than them. That's bad.
[ Parent
| on HN ]
Yup, it's not about security, it's about liability. With chip&pin you're virtually guaranteed that the bank will say "too bad" if your PIN gets stolen. But then again with the (possibly) lower fraud levels it may be worth it? And yet again, do you see the banks passing on those savings to consumers? ;)