Absolutely - what's not clear at all is where the liability lies. In the UK at least, and I assume the rest of Europe, if a retailer uses a PIN the liability for fraud rests with the card issuer.
But if the retailer lets the user sign instead the liability is with them: this is an incentive for retailers to accept and promote Chip/PIN over a signature.
iZettle read the chip (good), but then you sign for the goods (bad). It's not at all clear if that means liability for fraud now rests with the seller rather than the issuer. Their help page is very vague on the subject, and alludes to the fact card issuers won't allow PINs to be captured on mobile devices (this makes some sense, from a phishing perspective).
In fact, iZettle's help page has zero results when you search for 'fraud'. I think this is something they should address.
Coincidentally (shameless plug here), I blogged about this exact problem a month or so ago, bemoaning the lack of a good Chip & PIN solution. I'm not convinced iZettle is it...I've now written up some more concerns about fraud in a new post, here: http://cleveryou.net/post/23162180527/izettle-square-killer
But if the retailer lets the user sign instead the liability is with them: this is an incentive for retailers to accept and promote Chip/PIN over a signature.
iZettle read the chip (good), but then you sign for the goods (bad). It's not at all clear if that means liability for fraud now rests with the seller rather than the issuer. Their help page is very vague on the subject, and alludes to the fact card issuers won't allow PINs to be captured on mobile devices (this makes some sense, from a phishing perspective).
In fact, iZettle's help page has zero results when you search for 'fraud'. I think this is something they should address.
Coincidentally (shameless plug here), I blogged about this exact problem a month or so ago, bemoaning the lack of a good Chip & PIN solution. I'm not convinced iZettle is it...I've now written up some more concerns about fraud in a new post, here: http://cleveryou.net/post/23162180527/izettle-square-killer