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The
news comes following APACS latest update regarding
the progress of chip and PIN more than six months
on from its introduction. More than 150 chip and PIN
transactions takes place every second. This compares
with 125 a second six months ago and 85 a second 12
months ago.
“The UK is now a truly mature chip and PIN nation.
Millions of people have adapted to the change with
no problem at all,” says Sandra Quinn, director
of Corporate Communications for APACS. “This
means that we are all a lot safer when we go shopping,
and that fraudsters have been denied millions of pounds
of stolen money. Now we need to remain vigilant, as
fraudsters will always try to find other ways to get
hold of our money.”
The UK’s banks and card companies have now issued
130 million chip and PIN cards representing 92 per
cent of a total of 141 million cards. Also 850,000
tills have been upgraded to chip and PIN, which represents
87 per cent of all tills in the UK. |
