The petition is entitled We the undersigned petition the Prime Minister to ban pins on credit and debit cards and bring back the signature and there are no explanatory notes.
Chip & PIN is not entirely free of security concerns; the biggest problem, as far as I am concerned, is the way it has enabled banks to shed liability in the event of fraud happening. On the other hand, it also has benefits, and when someone merely says "stop this thing now" with no explanation of their objections, I firmly plonk them in the "mild madness" category at once.
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