Sweden’s Handelsbanken is tackling the growth in fraud committed on cards abroad by putting locks on them which customers can disable with a click of a mouse when they leave the country.
Handelsbanken says that since introducing Chip and PIN, card fraud has almost been eliminated in Sweden. However, criminals are now using stolen cards in […]

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Soon everybody will have another set of numbers to remember. In a move to thwart widespread credit card fraud, banks will start introducing a “chip-and-pin” system to replace the traditional magnetic security strip.
Chip-and-pin cards rely on a personal number, usually four digits, rather than a signature, and are thought to be harder to defraud. All […]

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HSBC has hailed chip and pin as a major factor in driving down card fraud in the UK.
However, the bank has warned British cardholders to remain vigilant when traveling abroad, as the technology has not been rolled out everywhere.
“Overseas card fraud has increased, but in the UK when you use a credit card it uses […]

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