CHIP & PIN
Chip and PIN is a major development in combating fraud and is expected to dramatically reduce fraud losses.
By 2005 most credit and debit transactions where a card holder has been issued
with a chip
and PIN card and is present during the transaction, will be authorised by the
customer keying in
a personal identification number (PIN) rather than signing a paper receipt.
The UK Chip and PIN Programme began a trial in Northampton which is the first
phases of a national roll out due to be completed by December 2004. The key
objective of the trial is to ensure education and communication among
cardholders, retailers, banks and building societies is as effective as
possible.
From 1st January 2005, liability for fraud will shift towards any retailer or merchant who has not implemented chip and pin. Roll out will be gradual with all point of sale's being compliant by January 2005.
Many of the EPoS solutions that we provide are Chip & Pin ready. This means that you can get all the benefits of EFTPoS (speed, simplicity, accuracy) combined with the added security of Chip & Pin- yet another example of our systems keeping pace with our customers requirements.
Models which interface with Chip & Pin include:
PoS Kontrol
Touch Kontrol
Uniwell DX890
Uniwell TX870
Uniwell TX850
Uniwell SX700
Uniwell SX7000