As People loose these etc. they will be charged €5.50 for a replacement - just another revenue stream.
Yes you can continue using your Code Card; however, some services will be moving to the AIB Card Reader and will no longer be available using a Code Card. If you change to the AIB Card Reader you will no longer require a Code Card as services which require a Code Card will now require an AIB Card Reader.
I got mine today and I think its a good step from AIB. I had one for Ulster Bank and its identical.
In relation to the replacement fee of €5.50 - I welcome this because these things cost money, which the Bank does not have right now. If customers don't pay for a replacement, the exchequer will.
At least at the moment if you leave the code card at home... someone has to physically break into your house to get the codes... but now all they need is data, since they can use any card reader.. BAD
You should find that your AIB card reader and Ulster Bank one are interchangeable, as far as I am aware the programming in card readers is standardised across the industry. If you lose/break your AIB card reader you should be able to use the UB one instead.
Tried my AIB card in my UB reader and got "Wrong Card" so looks like they're programmed differently
Basically, it's more secure than the code card, and it doesn't need to be replaced as you use up the numbers. It's likely over time, that these readers will be used for many more things than just banks' websites.What are people's views on the new AIB card reader? Definitely a positive approach from a security point of view or are there any negatives that I'm missing out on?
The programming standard is mandated by ISO 7816 at the electronic signalling and message exchange levels (levels zero and one). Level two is defined by EMVCO (emvco.com) and mandates the way in which the 7816 messaging is used to implement payment applications. The standalone readers use an extension of EMV Level Two named CAP (aka 'Chip Authentication Program'). Search for Chip Authentication Program on Wikipedia for more information.You should find that your AIB card reader and Ulster Bank one are interchangeable, as far as I am aware the programming in card readers is standardised across the industry.
The readers probably cost more than a fiver to the banks and like many things in electronic payments, are run at a loss to facilitate cardholders more profitable business elsewhere.As People loose these etc. they will be charged €5.50 for a replacement - just another revenue stream.
The AIB and UB cards probably use different payment applications, so you won't be able to use cards from one bank in the other's readers. Tough.Tried my AIB card in my UB reader and got "Wrong Card" so looks like they're programmed differently
No, the smaller chips are on the more recent cards, since the card breakage rates are, I believe, higher for larger chips (imagine it flexing back and forth in your pockets). Not all of the contacts are used on the chips either, so some of the more recent chips have two fewer contacts than the older ones.The chip contacts on the UB card are smaller than those on the AIB version. I wonder if that explains the incompatability?
Chip and PIN cards are not foolproof; several vulnerabilities have been found and demonstrated, and there have been large-scale instances of fraudulent exploitation. In many cases banks have been reluctant to accept that their systems could be at fault and have refused to refund victims of what is arguably fraud, although legislation introduced in November 2009 has improved victims' rights and put the onus on the banks to prove negligence or fraud by the cardholder.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?