How the Pin Helps Reduce Credit Card Fraud

The newly introduced Chip and Pin scheme has beenAvoid using numbers which can be derived from your
incorporated in almost all shops, shopping centres,card or your records, for example, avoid selecting
restaurants and websites. The main intent ofobvious choices such as your birth date or part of
introducing such a system is to prevent credit cardyour phone number as your Pin. Additionally you should
owners from signing for their purchases with the hopeavoid too many repetitive numbers; if you're stuck for
that it might, to a large extent, curb credit card fraud.suggestions you could try following these tips to select
For an initial period of time, card owners coulda secure Pin number:
persuade shops to accept their signatures by pleading- Shift all numbers by one. If your preferred Pin number
that they have forgotten their Pin and shop keepersis your birth date - 020470 then your new , more
could bypass the Pin requirement as requested. Forsecure Pin number could read 131581 or 010369
some time now, this has become largely impossible- Work out a pattern on the keyboard of your ATM
and now you can no longer sign for purchases, making- Reverse your favourite digits, read them from right to
fraud that much more difficult. With this new system,left, or add a sum of 44 or 77 or whatever to make
even though your card might get stolen and evenyour Pin number more difficult to guess Once you
though your card details can be leaked, it cannot behave selected and changed your Pin, remember to
used unscrupulously without your credit card Pin.keep it secret as it's the only security you have against
How the Chip and Pin System Workscredit card fraud. If you have several cards, you could
The Chip and Pin is given to you by your bank - if youjuggle the numbers between them for extra security.
haven't yet received it, you should request itAfter all, how many Pins can you remember? If you
immediately. The bank sends you a default Pin numberhave trouble recalling the numbers, either put them in a
which you can change if you wish, to do this you willpassword protected file on your PC or make a note
need to visit the nearest ATM, and select a numberof it in your mobile phone. Then, of course, keep
you are likely to remember.praying your wallet and cellular phone are not stolen
Selecting a Secure Pin Numbertogether by the same thief.