Tesco promises to get chip and pin finger out
Very little helps
RETAIL GIANT TESCO has been criticised for being slow to implement new-fangled chip and pin technology.
The INQ has already exposed chip-and-PIN as being seriously overrated in terms of security – so why would Tesco worry about getting them put in?
Although it has been five years since the new-fangled technology was introduced, Tesco says that with 430 petrol stations, having only 50 left to fit with chip-and-PIN isn’t a concern.
The supermarket giant aims to have the remaining 50 stations fitted with this technology in the next four weeks, and says that it has only taken the company this long as the disruption it would cause customers when re-fitting the payment systems would be enormous.
“We aim to have installed chip and PIN in these remaining stations by mid-September, but it is just a huge operation to roll out chip and PIN and can involve a lot of inconvenience to customers if we have to refit pumps,” said a Tesco spokesman.
The introduction of chip-and-PIN has brought the cost of identity theft down from £15.1 million in 2003 to £6 million in 2007, which is a dramatic improvement, and one of the reasons why Tesco is keen to make these improvements within a month. µ
Comments
Cost of identity theft?
"The introduction of chip-and-PIN has brought the cost of identity theft down from £15.1 million in 2003 to £6 million in 2007, which is a dramatic improvement, and one of the reasons why Tesco is keen to make these improvements within a month."I'm sorry, maybe I seem like an idiot, but are those costs the amount spent on dealing with identity theft, or committing it? Could Tesco be eager to implement the technology because they're afraid people will get smart too soon? I live in the US, so I have no experience with this technology.