Originally Posted by
moondog
Thanks for the head's up. I'm on the task! I usually keep my checking account balance below $300 because I've been afraid that --if I lost my wallet-- someone could go to town with my debit card at Cartier or Tiffany. This has sometimes caused me problems on weekends (like NOW -- I forgot it was a 3-day weekend over there) when their transfer department is closed.
I don't think the chip is going to prevent that - someone could still swipe. But, generally speaking, if a merchant accepts a swipe when a chip is available, the merchant is liable for fraud more or less. So it should help.
I really want it for places that don't take cards without chips.