On 2/15/2012 1:20 PM, Ormolu wrote:
Swingman wrote:
On 2/15/2012 8:41 AM, Stuart wrote:
In ,
wrote:
If you are contemplating using your credit cards on travel in Europe
(certainly Holland), make sure you get new ones with a chip. Or be
prepared for hassles.

"Chip and PIN" is the only way you can use /any/ credit or debit
card in the UK.

What effect has the practice had on credit card theft and online
scams?

It's cut down the 'scams' at the shop (stores) checkouts by quite a bit, but
internet shopping and other 'card holder not present' (e.g. telephone
orders) [1] seemed to be showing an increase in fraudulent use a while back.

[1] Where Chip and Pin is not used and a greater reliance is put on the
three digit 'security number' on the back of the card.



That has become standard operation over here in the New World...