Originally Posted by VegasGambler

I think that the main problem with chip + pin is that people think that it's secure, but it isn't.

I do not want to move to a system where your card is presumed to be secure and so the burden of proof shifts to the customer to show that fraudulent charges are actually fraudulent. With the magstripe system, the cards are insecure, everyone knows it, and I don't care because I'm not responsible for fraudulent charges. I like this system. I have had fraudulent charges on my card and it has never been anything more than a minor inconvenience. It's very consumer-friendly, and, as a consumer, I like that.