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At least when I researched about a year ago, it's uncommon to get a true chip-and-PIN in the US. Most of the chips are chip-and-signature.
by scintill76 11y ago
At least when I researched about a year ago, it's uncommon to get a true chip-and-PIN in the US. Most of the chips are chip-and-signature.
- stephengillie 11y agoHow is chip-and-signature different from the current policy where the buyer (sometimes, decreasingly) has to sign for credit purchases?
- scintill76 11y agoI think it's just that it's more resistant to card cloning. The payment terminal makes the chip authenticate itself in some way that run-of-the-mill carders with a card printer and magstripe writer can't counterfeit. I guess the chip or the payment network then request the cardholder's signature, rather than the PIN that chip-and-PIN use.