Traveling to Europe? Check your Credit card.
Most of the European countries had changed to credits card with Chip and PIN system from the traditional magnetic stripe credit cards method. In some places traditional magnetic stripe credit cards can’t be accepted by the seller as they don’t have the facility to swipe and take money from your card with your signature on the bill. Also the ticket counters too will not accept the magnatic strip cards. So you have to go for a bank ATM which accepts your card to issue currency against it. Collect the money and head to the ticket machine and pay cash and buy your ticket.
With the chip and pin card there is less chance for to get payment dispute as you the only person knows the pin number.
U.S. credit cards becoming outdated, less usable abroad
Read more: http://www.creditcards.com/credit-card-news/outdated-smart-card-chip-pin-1273.php
A chip and a PIN: The future of credit cards.
Read more: http://www.foxnews.com/tech/2014/02/10/chip-and-pin-future-credit-cards/