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PINnovation on the cardsPINnovation on the cards
Lorna Strickland
1-Jul-2004
UK retailers are braced for a revolutionary change in credit card payment methods being introduced in a bid to combat fraud. Lorna Strickland assesses what the new chip and PIN system will mean for inflight retailers.
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Operators across the UK will soon face a radical change in the credit card payment system. From January 1 2005 customers will no longer sign for their purchases but instead
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(3-May-2003) - UK. The value of credit card fraud in the UK?s duty-free shops hit £143,102 ($223,240) in 2002, according to new figures from the Association for Payment Clearing Services.
(1-Jun-2004) - UK. Virgin Atlantic Airways will be one of the first UK travel retailers to implement "chip and pin", the card payment method being introduced in the country's retail industry
(29-Jun-2004) - The opportunities offered by a secure system of credit card payment outweigh compliance costs, UK inflight retailers tell DFNI in our July 1 issue
(4-Dec-2006) - British Airways has become the first airline to implement chip and pin capability on all flights
(4-Dec-2006) - British Airways is one of the first airlines to install chip and pin technology on all flights