Chip and PIN takes over as the only way to pay

24 May 2006
Chip and PIN takes over as the only way to pay

Restaurateurs have been warned that chip and PIN has officially taken over as the only way to pay by card, as the transition period from signature authorisation has now finished.

Since 14 February this year, when chip and PIN became the industry standard for authorisation of payment, proprietors have been able to override their terminal's PIN system and allow a customer to sign for their goods at the company's own risk.

But an HSBC spokesman warned: "The interim period, where signatures could be accepted post 14 February to enable customers to become used to the system has now ended."

He advised any merchants having transitional difficulties to contact their bank relationship manager and/or chip and PIN system provider directly.

Mark Bowerman, the spokesman for the banks' regulatory body, the Association for Payment Clearing Services added: "There are some exceptions where the retailer should still accept a signature."

These included foreign and UK cardholders that have yet to upgrade and disabled customers who are unable to use a PIN.

New technologly will help cut fraud >>

Customer or thief? >>

By Emily Manson

Get your copy of Caterer and Hotelkeeper every week -

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking