There are some things to know about the new Chip and Pin Debit and Credit cards. Europeans have been using these cards for years to help prevent fraud. If you’re going to travel to Europe, you should make sure your card has a PIN set up. The new chip cards take slightly longer to process than the old type of credit card. You can still “swipe” your card; the magnetic strip still works. With some cards, you can wave them in front of the reader, or tap them on the reader to pay. The new cards are much harder to duplicate. But that doesn’t mean you can rest easy: your card number can still be stolen and used online. So, continue to monitor your statements. In the future, our cards may have on/off switches to allow us to turn off the card when we don’t need it.
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What You Need to Know About New ‘Chip and PIN’ Credit and Debit Cards