Here in the UK (and I think much of Europe) we stopped using the mag strip and switched wholesale to Chip and PIN in around 2004. What's more I live in London a

Here in the UK (and I think much of Europe) we stopped using the mag strip and switched wholesale to Chip and PIN in around 2004. What's more I live in London and I'd say I now complete >75% of my purchases using the paywave contactless payment system. I guess most point of sale devices still have the mag strip readers on them, but I can't see people going for this in a big way here ... its a cool hack but it seems like its sort of hacking a payment technique that's a decade out of date.