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Originally Posted by gary_580
Rubbish!! The pin isnt stored on the magnetic stripe
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Yup, what would have happened is the card would have been cloned, and the new strip would have had the "I've got a chip" flag removed, so when it was swiped, the card reader would have assumed it's an old non-chipped card.
Strange how some people appear to be against chip and pin and feel it will increase crime, when it's made a major impact into cutting card fraud/crime in other countries.