Fraudulent credit cards on the rise?

The banks tolerate a very easily corrupted system because they make obscene profits and we get get the bill. The successive “security improvements” are broken within hours of their introduction. Nothing will be done until the banks income suffers. And since banks make horrendous amounts of cash till payday from money laundering the status quo will remain.

“I should get the signature right; I have been practicing all day” – I said to the checkout lady at magnet mart on Saturday when I handed over my daughter’s card. Dear thing didn’t even blink. Purchase successfully made.

my PIN number

You use those at ATM machines, i expect. You may have a case of RAS Syndrome:

http://en.wikipedia.org/wiki/RAS_syndrome

(Humourously, RAS stands for “Redundant Acronym Syndrome”, making “RAS Syndrome” a twistedly self-referencing redundant acronym in itself.)

What’s really weird is that you used PIN and “PIN number” in the same sentence.

My CC has a PIN but the EFTPOS machine at Magpies club Kippax isn’t up with this new fangled technology and still wants me to sign even after accepting my PIN number.

“Multiple forms of identification should also be requested….”

Geez – it’s hard enough getting the minimum wage kid behind the counter to actually compare the signatures let alone ask for ID!

Every outlet should be urgently switched over to the PIN option – it’s 2008 FFS – we have the technology to stop this type of fraud from happening – just not the will to make it happen.