A chip is much better than a pin. A pin can be stolen, just like the card. With a chip, the secret data never leaves the card during a transaction. Even if the

A chip is much better than a pin. A pin can be stolen, just like the card. With a chip, the secret data never leaves the card during a transaction. Even if the business is hacked, or if the POS system is compromised, the stolen data can't be used for anything. With a pin, if someone hacks a POS system (or installs a fraudulent one over it), they can capture both the number AND the pin at the same time.