Originally Posted by
bkafrick
You know its not that easy, and its not $150-$300 in one time costs. For some mom & pop using a standalone reader like that, sure... but for most institutions, they use integrated readers (NCR, IBM, Radiant, Micros, etc.) and those POS systems need to be able to read the EMV card through their readers - not some $150 off the shelf reader.
Sure, but majority of them are built just like computers that we use today: they're built with fairly easy peripheral add-on capability mindset. You're not going to throw away the entire system every time something new comes along, just like you're not going throw away your computer just because you need a new ink jet printer.
Originally Posted by
UA Fan
Noticed that most of the major banks don't have chip & pin, any reason why? High costs to implement?
It's been discussed extensively. It's anywhere from:
1. Banks made the decision for us without asking that Americans were too stupid to remember PINs because they're used to credit = signature
2. Mommieeee it's gonna cost us billions of dollars to do that change, waah-waah-waah
3. EMV is not fool proof blah-blah-blah
4. Merchants must accept it per agreements blah-blah-blah
5. Or whatever BS response that any millennial generation can see through
