UK: Tesco Criticised for Slow Implementation of Chip and Pin Technology
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Friday, 29 August 2008 |
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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.
According to Tesco, 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.
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