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Both tap and chip and pin are so fast now in Canada that it's great. The US payment infrastructure is still mostly terrible. In many cases, even with chip car
by wvenable 10y ago
Both tap and chip and pin are so fast now in Canada that it's great. The US payment infrastructure is still mostly terrible. In many cases, even with chip cards it's chip and signature!
- seanp2k2 10y agoWe don't have pins on our chip cards and as far as I'm aware, no bank is issuing CCs with pins with or without a chip. Debit cards use PINs, but bring a host of other liability problems to the user, and almost universally lack the rewards programs which consumers with good credit take advantage of (because hey, I get 2-3% towards travel expenses while paying the same).
- wvenable 10y ago> We don't have pins on our chip cards That seems to be true, what I can't figure out is why.
- Apatheist 10y agoBecause the fees on signature transactions are higher.
- mikelward 10y agoAre you sure? The only information I can find that agrees with you is about debit cards, where PIN means it uses a different payment network. Credit PIN uses the same network as credit signature, so it seems unlikely the fees would be different.