3 ms·
For what it's worth, all of my banks have already replaced my credit cards with chip-and-pin capable ones in preparation for October's rebalancing of fraud liab
by fluidcruft 11y ago
For what it's worth, all of my banks have already replaced my credit cards with chip-and-pin capable ones in preparation for October's rebalancing of fraud liability between merchants and banks. I can't imagine merchants will be too keen to accept these Coin cards.
- gambiting 11y agoPretty much nobody accepts signature-only cards in UK, it's all chip and pin now. I am sure US will follow suit soon.
- dboreham 11y agoAre you sure? I ask because the majority of US card issuers have opted to use chip&signature, not chip&pin cards. In my wallet I only have one chip&pin card (Well Fargo). The rest are chip&signature. Whether or not they send you a PIN is a good indicator of which auth method the card supports.
- fluidcruft 11y agoHmm. Perhaps not... I hadn't heard of chip & signature until your comment. I set the pin online during card activation, and hadn't thought about it closely. So, it obviously must be chip & signature. Anyway, that doesn't change that you can't clone the chip's contents. Perhaps you could punch the chip out (like a sim) and array a few of them inside a next-gen type of Coin card. Chip & signature answers the "Amazon laughs at your chip&pin card" loophole I had been sort of half puzzling over.
- jonknee 11y agoIt's the chip that's the issue, not the PIN. If a merchant requires a chip (which they will at some point) you can't use something like the Coin.