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That credit cards don't have PIN codes has nothing to do with them being credit cards vs debit cards, it's just a choice by the industry to not institute them.
by ezfe 3y ago
That credit cards don't have PIN codes has nothing to do with them being credit cards vs debit cards, it's just a choice by the industry to not institute them.
- deleted 3y ago[deleted]
- ianburrell 3y agoIt is less that cards don't have PINs for the chip, but that they still have magnetic stripes. It is still possible to skim the card info. I assume that there is mandate to update equipment but I still see registers with swipe. Issuers can distribute cards without magstripe in 2027. But they keep pushing the date out.
- efreak 3y agoIIRC with most credit card purchases in the US, if the retailer only takes magnetic strips, they're liable themselves; if the issuing bank doesn't offer EMV cards, then they're liable; after that is the credit card company I believe, who has an option to put up to $50 liability on the owner (though they rarely do).