Originally Posted by
chitownflyer
Why did the US based credit card companies NOT make their cards CHIP & PIN as much of the rest of the world has done?
I believe the PIN places the liability for the fraudulent charge on the consumer in Europe. I am quite happy with the USA system where any fraud is not my problem but the card issuers problem. I really don't care about fraud because I never have to pay for it. And spare me the bit about higher merchant fees....