Fighting fraud with chip & PIN

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Fighting fraud with chip & PIN

Chip and PIN credit cards are hitting Australian shores. Negar Salek, demystifies the emerging secure payment technology and its potential benefits.

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The popular but precarious signature-based magnetic strip credit card system is on its last legs, globally. Today, it’s practically obsolete in Europe and the UK following a surge in counterfeit fraud; replaced by what’s deemed to be the more secure EMV chip technology, aka ‘chip and PIN ’. ...

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