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What is the new Chip and Pin system?

chip Pin system
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What is the new Chip and Pin system?

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The new Chip and PIN initiative is a system being introduced in the UK in 2004 to reduce counterfeit and stolen card fraud.

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The new Chip and PIN initiative is a system being introduced in the UK in 2004 to reduce counterfeit and stolen card fraud. If you are registered with a Card Protection Plan or with Sentinel® you should report your Card as lost or stolen by calling their emergency number, and they will look after the rest.

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