ICICI Debit Card — PURCHASE WITHOUT PIN | |
When ICICI Card is used in ATM it do ask for PIN so no worry but when you buy something it does not ask for any password in SBI Debit card purchase is not possible without entering PIN in swap machine I suppose HDFC Bank debit card is also does not ask for PIN during shopping When enquired ICICI Bank denied to activate such facility and advice to live with this kind of risk is any body listening in the interest for customer ????? Was this information helpful? | |
 3 Comments | |
Comments
My card has been lost and it had used by other in the shopping or in other buying things and i have lost around 13000 from my account.
Icici always issue ATM-Debit card to its customer which is verified by VISA, actually in India only Maestro has the facility of PIN based debit card system, which is used by SBI ATM-Debit cards. And as in the first comment states that Pin based debit card costs more to marchants as compared to non pin based cards.
And nowadays SBI also issues non PIN based debit cards to customers, so definately customers card security is on the TOSS!!
VISA-Mastercards are non PIN based cards.
Maestro has PIN based cards (Most Secured)
And nowadays SBI also issues non PIN based debit cards to customers, so definately customers card security is on the TOSS!!
VISA-Mastercards are non PIN based cards.
Maestro has PIN based cards (Most Secured)
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As i studied there are two methods of Card reading system at merchant outlet.
With PIN or without PIN.
Banks which provide with PIN type of cards, charge the fixed monthly fees from the merchants for the system usage.
While a percentage of value deducted is charged in without PIN type card reading system, which is much more profitable for banks.
Hence to have more money in their pocket, the banks are playing a lot with the customer risk...