Originally Posted by
Reindeerflame
...why don't all card issuers in the US just start issuing all new cards with the chip ...
Wall Street Journal article yesterday illustrates how expensive chip cards are...
...A typical large issuer will spend about $1.30 to buy a chip card, compared with 10 cents for a traditional magnetic-stripe card,
...and that's only for the cards. There's no benefit to having the chip in the card until you have the infrastructure to process the transactions using the chips, and that's still a few years away.