Originally Posted by
mikeycanuk
Seeing how many people (idiots IMO..why use debit??) get scammed with stolen pins on their debit cards I don't see this doing much. All you need to get the PIN is intercept the cord for the visa machine.
Sure you could steal a PIN code as easily as you can today (and conversely protecting against PIN theft is as easy as today). But the PIN code will only work with the chip -- so the thief would need to get your physical card as well. Simply reading and duplicating the magstripe content (as might be done by a thief today) is not sufficient as the PIN code is verified by the chip.