bradyk wrote:
JackD wrote:
and the feeling is that it won't happen on a global basis.
It happened in Canada and Mexico and most (if not all) of Europe and a few contries I visited in South America over the last few years.
No doubt the current ''chip'' technology will, one day, be replaced by something newer and better but the way you're saying it, the U.S. will always be ''one technology'' behind...
That is kind of what I told many when I was down south working with the banking and software people. Sounds like the cost outweighs the benefits at least in the industry.
I think the chip conversion issues go beyond cost benefit. Chipped cards can move the liability for abuses from the credit card issuer to the card user as the card user is responsible for maintaining the secrecy of the PIN.