Originally Posted by
joshwex90
How could a signature be a better way of authenticating than by a PIN
No one claimed that it is. The claim is:
in the U.S., we can rely on online processing where transactions are transmitted in real-time to the issuer for approval. With that in place, there’s no need for the offline authentication that was the genesis of chip-and-PIN.
Whether you or I agree with VISA is unimportant. You asked if they understood the value of Chip & PIN and I pointed you to their statement explaining that Chip is good value for money while PIN is not. This doesn't help those of us who want Chip & PIN cards for travel, but it suggests we are unlikely to see PIN used for domestic transactions. If you read the link to the other thread you know that implementing PIN is complicated and expensive.