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FPB: banks heap Chip & PIN chaos on businesses.

Publication: M2 Presswire
Publication Date: 30-DEC-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 December 2004-FORUM OF PRIVATE BUSINESS: FPB: banks heap Chip & PIN chaos on businesses(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:12302004

The looming crisis threatening to swamp the introduction of Chip and PIN technology is entirely the fault of the banks which have aggressively driven the scheme before retailers and consumers are ready, a leading business group said today.

The Forum of Private Business (FPB) warned the banks in October that they needed to delay the January 1 2005 deadline to avert chaos. The launch of the system is being seen...

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