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I would think many, possibly most urban dwellers in the US are using debit cards to pay for food, coffees, etc. And chip-and-pin rollout has been going on for t
by blacksmith_tb 9y ago
I would think many, possibly most urban dwellers in the US are using debit cards to pay for food, coffees, etc. And chip-and-pin rollout has been going on for the last two years, most US cardholders now have chipped cards, but maybe half of merchants have updated their POSes to support dipping instead of swiping.
- URSpider94 9y agoThat's chip and signature, not chip and PIN. If you get physical possession of someone's card, you can scribble whatever you want on the receipt and you are good to go. Europe uses chip and PIN, where you have to enter a numeric code at the time of each transaction that is used to unlock the card. So, you need PIN and card, the traditional what you have / what you know. A lot of European banks even issue EMV readers that connect to your PC for online shopping and banking.