Originally Posted by
uds0
Clearly, the specific banks that are obviously and deliberately misrepresenting the security and added value benefits of their "chip and pin" cards since that feature can only be actually be used in an extremely small subset of everyone's actual use, are, for all practical purposes, lying about the product so that they can profit from larger signature transaction fees vs pin fees.
There are no "larger signature transaction fees vs pin fees." There's credit processing and debit processing, but no matter how you run a credit card (PIN, signature, no CVM, manual entry, magstripe...) the transaction is going to be processed as a credit card using credit fees.
The fee distinction really only applies to debit cards, and even there it's not "sig vs pin," it's whether the transaction runs over a credit network or a debit network.