In Canada they have a system where you input a PIN number every time you use a credit card at a POS. I've heard from my Canadian friend who owns a Shoppers Dru

In Canada they have a system where you input a PIN number every time you use a credit card at a POS. I've heard from my Canadian friend who owns a Shoppers Drug Mart, that it has cut down chargebacks to almost 0. Why they haven't implemented this in the US I'm not sure. The only problem is that if they figure out your PIN, it makes it very hard to fight chargebacks from the point of the consumer. But we all know that the CC companies don't care. The one thing to note is that it's very hard for the CC companies to lose money with fraud. Usually the merchant or the consumer is on the hook. Then the issuing bank, etc. They're last in line, so their incentive to make drastic change is nil.