2007-09-27 04:15:25 · 9 answers · asked by luckylady 1 in Politics & Government ➔ Law Enforcement & Police
No it does not.
That is a myth.
2007-09-27 04:17:53 · answer #1 · answered by PJ 5 · 2⤊ 0⤋
It's false!
This is a case of rumor getting slightly ahead of reality. Yes, the technology to make this a reality does exist and at least one lawmaker is championing the cause to have such a system put into action. Illinois attorney Joseph Zingher got the idea when he was in law school and was using an ATM in a dangerous part of town. He patented his concept in 1998.
Zingher proposed that every ATM account come with two PINs - the standard code to confirm ownership of the account and another, dubbed the SafetyPIN or PanicPIN, that would allow cash to be withdrawn, but also notify law enforcement that a crime was taking place at the location of the ATM. The most likely source of this second PIN would be to reverse the first, however Zingher's plan allows for the card holder to specify any code as the SafetyPIN (which would get around the problem of PINs that are the same in reverse as they are forward).
Legislation calling for the institution of a SafetyPIN-type system has been introduced in Kansas and Illinois, the Kansas bill failed, and the Illinois bill was so dilluted by bank industry lobbyists by passage that it made adoption optional. As of this writing, there are no other such legislation in the works and no banks or other financial institutions have implemented any such plan.
The bank industry has been very resistant to Zergher's plan. they argue that the average consumer may not have the clarity of mind in such a situation to successfully enter their alternate PIN and that efforts to do so might be seen by the criminal as resistance, thus increasing the risk of violence. They also contend that law enforcement would likely not be able to respond fast enough to catch the thief.
But the real reason behind the industry's reluctance may be much more straightforward. Implementation of the system would likely be expensive and the relatively low incidence of ATM crime just doesn't justify the cost. Many industry experts hint that they have their own solution in the works, but offer no details.
Until the better mousetrap can be built, we have to keep our defenses up. Always be alert of your surroundings when using an ATM and look for machines in well-lit, high traffic areas. If anyone approaches you, espeicially with a deadly weapon, and orders you to withdraw cash, law enforcement experts advise to give the crook exactly what he wants, then notify officials as soon as possible after the incident.
2007-09-27 04:18:17 · answer #2 · answered by KC V ™ 7 · 3⤊ 0⤋
False
http://www.snopes.com/business/bank/pinalert.asp
2007-09-27 04:21:01 · answer #3 · answered by chuck_junior 7 · 1⤊ 0⤋
heck, the police don't want to come to a burglar alarm and charge extra if they are called. Why would they drive out to every location a pin number is entered incorrectly? it is not against the law to forget your pin or to enter it backward.
2007-09-27 04:26:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The only thing that would happen is that the ATM would tell you that you entered the wrong PIN and to try again.
Three strikes and your out..the ATM will eat your card and you won't get it back.
EMT
2007-09-27 04:23:33 · answer #5 · answered by emt_me911 7 · 1⤊ 0⤋
Urban legend.
2007-09-27 04:18:15 · answer #6 · answered by Anonymous · 1⤊ 0⤋
I heard it did but never tried it
2007-09-27 04:18:10 · answer #7 · answered by Con4Life 3 · 0⤊ 0⤋
nope. but your card may be sucked into the machine.
2007-09-27 04:28:48 · answer #8 · answered by Kevy 7 · 0⤊ 0⤋
I don't think so. Why would it?
2007-09-27 04:17:43 · answer #9 · answered by Anonymous · 0⤊ 0⤋