In Sweden it is not that uncommon (majority of readers take both chip+magnetic stripe). Also, ATMs swallow the whole card so a skimmer would work there even if

In Sweden it is not that uncommon (majority of readers take both chip+magnetic stripe). Also, ATMs swallow the whole card so a skimmer would work there even if the ATM itself only uses the chip. And now with wireless you could probably trivially skim people that used the chip (or wireless) functionality as well. I have never seen a card without magnetic stripe, that is awesome. I even have some trouble getting a card without wireless... At least whole card number + expiration is on the magnetic stripe. You don't need CVV as it is optional. Everything is written in clear-text and by definition that text must contain everything needed to perform a purchase.