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Credit Cards: Fraud

Volume 476: debated on Monday 2 June 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform if he will bring forward proposals to regulate the use of chip and pin at point of sale terminals. (206459)

The operation of the chip and pin scheme is an industry initiative that is not subject to legislation. However, in its approach to implementing the Payment Services Directive, the Government are considering provisions relating to the authorisation of payment transactions. Such transactions could include chip and pin point of sale transactions.