Why the Debit and Credit Cards Don’t Have The Card Holders’ Photo in it?
The identity fraud costs UK economy a staggering more than £1 Billion a year, very little steps have been taken to prevent this huge loss so far.
Although Chip and Pin service has been introduced in UK but still there is no sign of reducing amount of loss. Full details of the latest estimate can be found in IdentityTheft.org.uk or
I remember reading a news in Metro on October 2008 that –
Natwest Bank has a facility of customising credit card [costing £10] where you can upload a personal image, or an image selected from their image library, onto the front of the credit card. But it nothing to do with identity fraud.
I wonder, why still it is not mandatory to have card holder’s digital picture scanned on to the debit or credit card yet? There is plenty of spaces on the front or in the back of the cards.
A driving license style picture easily can be fitted in to any debit or credit cards. It is not going to stop the whole identity fraud but some small steps would make a difference.