Yup, it's not about security, it's about liability. With chip&pin you're virtually guaranteed that the bank will say "too bad" if your PIN gets stolen. But then

Yup, it's not about security, it's about liability. With chip&pin you're virtually guaranteed that the bank will say "too bad" if your PIN gets stolen. But then again with the (possibly) lower fraud levels it may be worth it? And yet again, do you see the banks passing on those savings to consumers? ;)