You can't much pick up the paper or switch on the telly without hearing something about charge card fraud and identity theft these times. That's why the UK credit card market started testing a brand new type of card back in 2003. Through mid-2004, the new Chip and PIN greeting card was declared a resounding success following a wide ranging trial in Northampton. There was already a large amount of evidence for using the Chip and PIN solution to verify credit cards and users. A similar experiment in France showed how the Chip and PIN reduced credit card fraud by around 80%. The Northampton trial showed comparable numbers. As of February 14 of the year (2006), Chip and PIN may be the standard method for all credit greeting card transactions. What are Chip and PIN charge cards? Instead of a magnetic stripe, Chip and PIN cards have a miniature computer chip that stores details about your account. When you present your card to some merchant, or slide it through the card reader in t
he till, the cashier will ask you in order to enter a 4-digit PIN (personal identification number) to confirm that you're the proper owner of that charge card. That's all there is to this. How do I get my Nick and PIN card? Many credit card companies have started replacing old style credit credit cards with Chip and PIN cars. By February, though, all new cards issued in the united kingdom must be Chip and PIN credit cards. That means if you apply for credit cards, or if your credit card reaches expiry and it is replaced with a new card, the card that you will get will be one of the brand new Chip and PIN cards. What basically can't use a Chip and PIN NUMBER card? The Chip and PIN may be difficult for a lot of, specifically those who are blind or even partially sighted. If you will have trouble entering a PIN number to the machine, you should notify your charge card company and request a Chip as well as Signature card. If you've already already been issued a Chip and PIN gree
ting card, you can request a replacement Chip and Signature card in the company that issued your card. How am i going to know my PIN? The company that issued your credit card enables you to know your PIN. Many mail your PIN to you inside a separate envelope on a different day from your card itself to ensure only you will get BOTH the card and also the PIN. You'll be able to change your PIN for the most part UK cash machines if must be sure that you have a PIN that's easy that you should remember. What happens if I make use of the wrong PIN? If you enter the incorrect PIN three times in a strip, your credit card will be locked and you won't have the ability to use it to purchase things in the till. If that happens, you should contact your charge card company immediately for instructions on how you can unlock your credit card. What basically forget my PIN when I reach the till? Simply tell the cashier that you simply can't remember your PIN, and they'll tell you what options y
ou need to identify yourself. If you can't use the options, you'll need to use an alternative solution method for that transaction. You can apply for a charge card with Chip and PIN technology through one of the numerous UK credit card companies listed upon some excellent comparison sites where you find the most effective credit card UK issuers have obtainable.
Jon Francis has been involved with various areas with the world of finance and it has a keen eye for a bargin! He's an in-depth knowledge of the credit card UK market and today helps others get the best from the credit card. To learn more visit "http: //www. moneyeverything. com".
View this post on my blog: http://creditcard.valuegov.com/credit-card-chip-pin-whats-it-all-about/
he till, the cashier will ask you in order to enter a 4-digit PIN (personal identification number) to confirm that you're the proper owner of that charge card. That's all there is to this. How do I get my Nick and PIN card? Many credit card companies have started replacing old style credit credit cards with Chip and PIN cars. By February, though, all new cards issued in the united kingdom must be Chip and PIN credit cards. That means if you apply for credit cards, or if your credit card reaches expiry and it is replaced with a new card, the card that you will get will be one of the brand new Chip and PIN cards. What basically can't use a Chip and PIN NUMBER card? The Chip and PIN may be difficult for a lot of, specifically those who are blind or even partially sighted. If you will have trouble entering a PIN number to the machine, you should notify your charge card company and request a Chip as well as Signature card. If you've already already been issued a Chip and PIN gree
ting card, you can request a replacement Chip and Signature card in the company that issued your card. How am i going to know my PIN? The company that issued your credit card enables you to know your PIN. Many mail your PIN to you inside a separate envelope on a different day from your card itself to ensure only you will get BOTH the card and also the PIN. You'll be able to change your PIN for the most part UK cash machines if must be sure that you have a PIN that's easy that you should remember. What happens if I make use of the wrong PIN? If you enter the incorrect PIN three times in a strip, your credit card will be locked and you won't have the ability to use it to purchase things in the till. If that happens, you should contact your charge card company immediately for instructions on how you can unlock your credit card. What basically forget my PIN when I reach the till? Simply tell the cashier that you simply can't remember your PIN, and they'll tell you what options y
ou need to identify yourself. If you can't use the options, you'll need to use an alternative solution method for that transaction. You can apply for a charge card with Chip and PIN technology through one of the numerous UK credit card companies listed upon some excellent comparison sites where you find the most effective credit card UK issuers have obtainable.
Jon Francis has been involved with various areas with the world of finance and it has a keen eye for a bargin! He's an in-depth knowledge of the credit card UK market and today helps others get the best from the credit card. To learn more visit "http: //www. moneyeverything. com".
View this post on my blog: http://creditcard.valuegov.com/credit-card-chip-pin-whats-it-all-about/
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