Originally Posted by
blue_can
I'm not sure about the US chipped cards but based on online research it looks like most if not all are going to be chip and sign. As I said in an earlier post the one chipped card I received is chip and sign. I verified this by going to their website where there are videos showing how it works and even videos on how someone is trying to use the card somewhere in Europe and the seller is asking for a pin. The user says they don't have a pin and they only need to sign and the seller immediately obliges and the transaction goes off with any problems.
Of course in reality the could be problems as I already encountered on my last trip to the UK.
I cannot understand why the US banks cannot get in line with the chip and pin system.
The issue is less the U.S. banks than it is US merchants not wanting to pay for equipment upgrades. That while the major payment networks were concerned about losing out to payment network alternatives/competitors? Change ain't cheap, and a lot of parties are cheap enough that they will squeal loudly when asked to pay more to do what they already can do.
Also, the banks had their own financial incentives to try to keep customers hooked on sig-only credit card use and hoping to keep them away from using debit cards with PINs at payment terminals.