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Money Matters: Chip and PIN
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Planning a trip to Europe? Familiarize yourself with three little words: Chip and PIN.
Most European countries have converted over to a certain type of credit card. It has a smart chip built in and requires holders to enter a PIN number, not unlike a debit card.
The technology may offer extra security, but it can also cause extra headaches for Americans abroad. While many stores and restaurants in bigger cities can still process a regular credit card, there are some instances where Americans could run into a roadblock.
Find out more in this edition of “Money Matters” in the video above.