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The US will not be getting PINs for cards. It would put liability on the bank rather than the merchant. And it only affects cloned card fraud, it doesn't affect
by peterwwillis 9y ago
The US will not be getting PINs for cards. It would put liability on the bank rather than the merchant. And it only affects cloned card fraud, it doesn't affect online transactions. As far as banks are concerned, the chip itself provides enough protection, and they have no interest in helping reduce merchant losses.