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Old Oct 25, 2010 | 6:40 pm
  #15  
Happy
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Originally Posted by cordelli
There was just a story in the New York Times the week before last about why this probably won't be happening for a while, if ever

http://www.nytimes.com/2010/10/17/business/17digi.html
The author seems to confuse the PIN based Smart Card versus the AMEX no-swipe payment - completely 2 different things. The AMEX stuff is for the payment convenience. The PIN based Smart Card is for the security. They dont even employ the same technology.

It is the cost issue to upgrade to the Smart Card. There is a lengthy thread in the Other Credit Card forum on this topic for over a year now.
Last edited by Happy; Oct 25, 2010 at 6:48 pm
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