I wouldn't say chip and pin was high security, and thats in everybank you go to.
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Even if it did become a bank it would be a seperate area of the company. So technically it wouldnt affect the online payment system as thats online payments and i doubt with this in mind that withdrawing would be any quicker. Slower the transfer the more money the banks make. Not that its going to happen now.
yeah well i saw it on the news in the morning