Originally Posted by
linglingfool
You keep harping on this point -- this isn't an issue with the issuing bank.
Yes I do. And I (obviously) disagree with your second point
From the page you quote: "Years ago, EMV switched to PIN & Chip in order to overcome
mag-stripe transactions which have no security at all."
I think it is actually worse than "no security at all". The Pin number of my cards are memorised. They are only four digits and I don't have it written down anywhere. It is not, AFAIK, encoded in any of my cards. So, if my card is lost or stolen, it will be pretty useless to anyone short of a technical expert and, even then, not sure what they can do.
A non-Pin card uses a signature for verification. If a thief or by passer finds the card, the signature is conveniently displayed on the back of the card so that anyone can use it! How dumb is that?
Your comment that "If you're running a business, you should make it as easy as possible for your customers to part with their money."
Is that a well-kept secret? No. I think any businessman can figure that out. And yet, magnetic strip non-Pin cards are difficult to find in Europe. While I don't have any inside information, I can only assume it would be either too expensive to equip machines to read the old cards or the risk of fraud is too high. Besides, although it may not be as convenient, there is always the possibility of using cash.
Now let me ask you: why don't you complain to your bank or credit card company to issue you a safer card?