From Valentines Day (14th February) 2006 a signature is not good enough for you to purchase goods in the UK using your debit or credit card. Chip and PIN technology has been around for years, but before now it has still been an option that you may sign for your card transaction. Now, however, that luxury has been taken away. No longer will a signature be enough proof that the card you are using is yours. If you own a debit or credit card you must now know your PIN number or else you won?t be able to use your card.
Card fraud is a big problem in the world nowadays, but this new technology has significantly decreased card fraud. It is estimated that 80% of retail transaction in the UK are now paid for by card. This isn?t because more and more people are getting cre View the rest of this article
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