Originally Posted by
PreferJ
I don't know if I have ever seen a retailer in Canada that has the chip reading terminals for credit cards. I wonder if it's the same hardware that would be used for the Visa "Electro" (?) thing cause I think that uses some kind of embeded chip deal?
A casual glance won't permit the average person to distinguish a chip and pin device from a non-chip and pin device. Many of the keypad MSR devices installed in the last couple of years are CP capable, but not enabled for obvious reasons.
2009 seems like it is a long way off, but it will still be a mad scramble for retailers in this country to get compliant by then. Chip and pin isn't really intended to provide additional protection for the consumer, rather it is a convenient mechanism for the FI's to shift the liability of fraud back to the merchant.
DF