Chip and PIN technology is poised to change the way transactions take place at the point of sale, as the whole of the UK banking and retail industries adopt a new standard in transaction processing by 2005. "Chip" relates to the utilisation of a personalised microchip into the debit and credit cards of the UK's 41million card holders whilst "PIN" (Personal Identification Number) is a four digit code entered into a numeric pad, set to replace the current signature approval method. Both technologies are being introduced to significantly reduce the opportunity for fraudulent use of cards, forecast to be costing in excess of £800 million by the end of 2005.

PCPOS are positioned to be central to the deployment of Chip and PIN Solutions in the UK, Europe and across the rest of the world. With key relationships being established with leading Chip and PIN manufacturers - PCPOS will be extending its significant reach and experience to assist retailers make the migration across.

To specifically discuss the implications and opportunities of Chip and PIN technology please call Dominic Brynolf direct on 01256 390700.