Card fraud: Has chip and pin had its day?

19 January 2013 Last updated at 02:42 ET Help

Every second in the UK just over £6,000 is withdrawn from cash machines - giving criminals ample opportunity to part us from our money.

According to the UK Cards Association, fraud losses on cards in the UK alone totalled £185m in the first six months of last year.

So could one solution be to ditch the chip and pin system?

Zoe Kleinman reports.

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