Originally Posted by
danpeake
The EO you refer to requires the federal government itself to accept chip payments (so if you walk into a State Department facility to get a passport in person, they have to accept chip cards).
Indeed, as I previously posted:
"There's a long track record where federal law or an Executive Order originally only applying to federal agencies, employees, hired contractors, etc, is adopted by the private sector as a standard."
Additionally, as I previously posted, "
an Executive Order has the same force of law", and that EO has never been countered, and still stands.
If you want to read it in a consumer-oriented webpage you can do so
here: "
Under rules instituted by MasterCard, Visa, American Express and Discover, as of Oct. 1, 2015, in-store counterfeit fraud liability shifted to the party — either the card issuing financial institution or the merchant — that had not adopted EMV technology. "
Once again, NerdWallet and many other major financial sites disagree with you. If you want to continue your argument with them, knock yourself out.
