I think the excuse is always that small businesses can't afford to upgrade their POS. I think the reason is that a lot of money is made by processors, etc. on a

I think the excuse is always that small businesses can't afford to upgrade their POS. I think the reason is that a lot of money is made by processors, etc. on all the fraudulent transactions. The credit card companies make plenty on high interest rates to cover this loss. It is like retail stores factoring in 20% (e.g.) loss into their prices so the consumer pays for it. I think capping interest rates on credit cards would force them to push chip and pin more. It is weird that we don't have chip and pin at the pump but now most places require zipcode which is worse than chip and pin.