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in the prevention of skimming one’s card information, however the fraudsters have found alternative ways to improve on that tactic. Chip and PIN technology can only be used “successfully” for point of sale transactions and not online transactions, so fraudsters have modified their techniques as with the modifications of the technology.

Based on the research framework adopted, Republic Bank has measured their net benefits of adopting the Chip and PIN technology by encircling the information, service and system qualities to deliver user satisfaction and usage of the system with this technology. The success of any information system is multi-dimensional and the relationships among the constructs relate to the comprehensive evaluation of the system. The variable dependent on these constructs are the net benefits of this system, and for whom?

This local company has applauded this development and they are moving to enable all their plastic cards with embedded chips. For a regional bank that has not been plagued by customers being victims’ card fraud, they value Chip and PIN as immensely beneficial in giving the bank a market advantage. It seems that Chip and PIN technology provides greater benefit to smaller banking industries than those on the wider scale.

The data obtained from this research does not give conclusive evidence that by implementing Chip and PIN technology to reduce overall card fraud is not effective. In some markets such as Trinidad and Tobago, Chip and PIN has been a huge success in the bank’s operations, but in others and more so the ones where credit card transactions are used most frequently, transaction are open to attack.

As iterated by the Supervisor at Republic Bank, there would always be positive and negative aspects of newly implemented technologies and system, sometimes the negative outweighs the positive. However, how the negative aspects are addressed and reworked shows the strength and stability in the technology and how it can be further developed.

CONCLUSION

Report Assessment

The insight gained from this project has made be aware of not just accepting ‘the next big thing’ in technology. I’ve discovered that there are always drawbacks to new systems, and some systems may be suited for a particular environment. Additionally, the implementation of any new technology is not a hard and fast method; there is always room for improvement.

Further the author believes that if an interview was secured with at least one person from upper management, namely the Chief Information Officer, the scope of the research paper may have taken a different angle.

Nevertheless, the author has achieved the objectives sought and that is to show that Chip and PIN technology has enhanced the card security at Republic Bank. Although the company has not had many instances of card fraud on a large scale, this Chip and PIN technology is a major step in their protection of cardholder’s data against card crime.

Learning Outcomes

From writing this research paper, the author has realised and has come to appreciate the work pres本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。