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Benefits

Discover the many advantages of this service.
 

Chip and PIN: Benefits

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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* By transaction value and volume. Nilson Report 2010.