Chip and PIN Take Effect in the UK

The BBC reports on Chip and PIN taking effect today in the UK.

An Association for Payment Clearing Services (APACS) spokesman said shops who had made the upgrade would gain protection "regardless of whether it's an old card or a new chip-and-PIN card, as long as the retailer conducted the same security checks they previously did to ensure that the card is not lost or stolen".

The article goes on to point out that the upgrade is far from complete. Card issuing banks need to issue an additional 53 million replacement chip cards and retailers have upgraded about 600,000 of an estimated 860,000 card acceptance locations.