Chip-and-PIN Adoption
Comments focus on the adoption and limitations of chip-and-PIN credit card technology, contrasting the US's reliance on chip-and-signature or magnetic stripes with widespread chip-and-PIN use in the UK, Europe, Australia, and Canada.
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It's a shame that chip and signature is used in the states though..
I'm not sure of the prevalence in the US, but does this support chip + pin transactions? They're the standard in the UK now, and I suspect it's a little harder to mess around with than the magnetic strip.
Most chip credit transactions in the US dont use a pin yet.
Lack of chip and pin, or use of magnetic stripes instead of ICs?
Not all terminals in the States support chip functionality, so for the time being chip & pin cards here still have normal mag strips and can be run as older, regular cards - the mag strips can still be read/stolen & used.
Chips are widespread in the US (as well as contactless). US banks don't bother with PINs, but most of the PoS systems deployed to deal with chips can support PINs if the card requires it.
None of my cards are chip-and-pin, they are chip-and-sign (i.e. it's via a chip reader, but no PIN is required to pay)
Used to be able to do this in the US with magnetic swipe but now you can't because of chip reading taking place at a specific time in the checkout process.
It is chip and pin :) it's the same cards, just not a POS device.
Being a US company, I'm guessing there is no chip and PIN support?