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The combined effect of chip and PIN cardholder verification has significantly
reduced two major sources of card fraud:
- Counterfeiting of cards
- The misuse of lost or stolen cards
Other chip and PIN benefits include:
- Reduction in cardholder queries on card payments and requests for further
information
- Removes the need to check signatures for chip and PIN transactions
- Reduces the queuing time for your customers at your Point of Sale
- Increased customer confidence and customer service
- Increased opportunity for unattended tills and secure vending operations
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