UK payments association APACS has hailed the first six months after the Chip and PIN deadline as a major success.
Some 850,000 tills have been upgraded to Chip and PIN, representing 87% of all tills in the UK. More than 99.8% of all Chip and PIN card transactions are now PIN verified.
More than 150 Chip and PIN transactions take place every second and counterfeit fraud is down by a quarter. APACS also said retailers were reporting faster transaction times and shorter queues.