Will CNP Fraud Escalate?

With today being the Chip & Pin deadline, many fear that this will lead to a sharp increase in card not present (CNP) fraud. This is of course due to the fact that you cannot at this time use PIN security online. In the CNP scenario the company is liable, not the bank, so this could cause problems for many businesses. In the retail environment where Chip & Pin is used the banks would be liable.

Have a fun valentine's day today! I got a card from work. It has a picture of a motorbike and with the text: 'You Move Me'. How sweet.