@DaveSignal wrote:
In the end, there is a new way of processing transactions that is faster, requires less paper, involves no pens or styluses, and keeps a dropped credit card unusable by the person who picks it up. Liability and cost of chip readers should be an afterthought. Chip + PIN = the future of credit transactions, however slowly the USA takes to get there.
This may be true, but the initial costs are enough to discourage the change. Especially in this current economy, many companies won't spend money unless they abolustely have to. It will happen eventually, but at a much slower pace than if we were in the boom times of the late 1990s.
EX 798, EQ 789, TU 784
American Express Platinum (NPSL) || Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Barclays American Airlines Aviator Red World Elite Mastercard - $20,000 CL || Chase IHG Rewards World Mastercard - $25,000 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL || Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank Hilton Reserve Visa Signature - $20,000 CL || J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
EX:694 TU:744 EQ:777