Up to "3m" most vulnerable unready for chip and pin by Finance News Bulletin

Published: 27/02/07

Up to three million of the most vulnerable consumers in the country are experiencing problems with break off and pin technology as the timepiece counts down to the "pin only" deadlineThe difficulty has been highlighted by the National Consumer Council (NCC), which said that many elderly and disabled customers are struggling to memorise their pinsThe NCC, which has urged banks to open an information campaign about the changeover, says that many people do not know enough about the subject to compare credit card types and make an cultured choiceIt added that many stay unaware that they can still opt to authorise payments by signature if they decide an un-chipped credit or debit card

"A year before we urged the banks to launch an information campaign and improve store staff awareness of the chip and pin alternatives," said Claire Whyley, second-in-command director of policy at the NCC"We are really disappointed that banks refuge't taken their responsibilities to susceptible customers more seriously Three million people could find themselves high and dehydrated at the checkout"Payment services organisation Apacs defended its record, proverb that its research had indicated that most people with disabilities supposed that they had found chip and pin as simple to use as the old method of payment

MoneyExpert incomplete is authorised and regulated by the Financial Services power (FSA Registration No 301654) The Financial Services power does not regulate some forms of mortgage

Visit original article: