PIN v Signature – Change from 1 August 2014 Talk to us Phone us Email us Breadcrumbs UniBank About Us Member news & media 2014 PIN v Signature – Change from 1 August 2014 22 January 2014 22 January 2014 PIN v Signature – Change from 1 August 2014 An Australian financial industry initiative has recently been announced where credit and debit cardholders will need to use a Personal Identification Number (PIN) instead of signing their signature when authorising purchases for all card transactions. As explained in recent media articles, the change will effect all major card issuers, including Visa, MasterCard, American Express and Diners Club International. With the change to become effective from 1 August 2014, Unicredit has already started communicating this to members. An industry initiative “PIN @ POS” has been launched by the credit union industry body, Cuscal, to help credit union’s and building society’s such as Unicredit prepare members for the upcoming change. A recent media article “PIN not pen needed for credit card” has been released on The West Australian Online dated 22/1/14. If any Unicredit member has any questions, or would like to ensure a PIN is set up on their Visa Debit card, please contact Unicredit on 1800 864 864.
