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Originally Posted by queritor
(Post 11876542)
The Barclays account won't work for US residents...
If you click [Apply online] > Next > and specify your Nationality and Residence as United States this message is displayed: There are restrictions on the services we can provide to residents of United States. Please give us a ring on +44 (0)1624 684316† so we can discuss how we can help you. |
I am very aware of this information. I will not say how! But providing it simply makes it worse for the redundant repeated over and over question of "What US bank provides a chip and pin card?" The answer is NONE, NONE, NONE. And it will be a VERY VERY LONG TIME! before they do.
If you think all of those countries are chip and pin, then you really don't know what you are talking about. You have to seperate the hype and agenda touting of the EMVco from fact. The fact is there is a SMALL percentage of countries issuing chip and pin currently. Not to say that there are not some issuers in many countries issuing chip and pin. But not all issuers in any country currently issue chip and pin. Some countries are a much higher percentage and many are zero. The EU countries are the closest to 100%! That is the meaning of my statement. |
To prevent confusion:
This is how a smartchip card looks like: http://en.wikipedia.org/wiki/File:Smartcard2.png The chip looks like the one present in sim cards, and may be of a different color than gold. I have a card where it is silver colored. I found an aticle that address the thread's issue. Do take a look if you have access. I found it in EBSCO, but it may be in other databases as well. Title: EMV Format May Gain a Foothold In U.S. Market. Authors: Rueter, Thad1 Source: American Banker; 5/8/2009, Vol. 174 Issue 88, p10-10, 2/5p Abstract: This article reports that U.S. credit card companies are considering offering products in compliance with the Europay, Mastercard, Visa (EMV) Integrated Circuit Card Specifications security standard, for the benefit of international travelers. It is noted that some foreign businesses will only accept EMV cards, which have embedded chips, and will refuse the magnetic-stripe cards commonly used by Americans. ISSN: 0002-7561 Accession Number: 39260174
Originally Posted by Jack Jania, a vice president with the Dutch card maker Gemalto NV and its general manager for secure transactions
"Two or three years ago you could not have EMV discussions with issuers" in the United States, Jania said. "That has changed. Dialogue is taking place at a serious level now."
Distributing such cards to people who travel often to Europe would help issuers maintain a "top-of-wallet" position with their customers, he said. Security experts say that the lack of EMV in the United States could attract criminals who have found it harder to pull off scams in countries where the format is already commonplace. ... Guy Berg, the president of Collis America, pointed out another possible source of momentum for the EMV format in the United States: the growing acceptance of contactless payment cards, which use the same chips as EMV cards. If contactless cards, which use near-field communication technology, become more common in the United States, they could help boost the case for the security standard, Berg said, because "NFC in the U.S. probably will be an EMV application." As a first step, he said, the United States could embrace a "partial" EMV format - a version of the standard that reduces the back-end support needed to authenticate transactions at payment terminals. Terminal vendors, who must sell their equipment throughout the world, could easily install EMV applications in their products, Berg said. "Basically, the terminal industry is ready to go." None of the executives at the conference would offer a timetable on when U.S. issuers would move forward. ... |
It does not work that way.
Technology levels in heirarchy: 1. Manual imprint 2. Magnetic swipe 3. RFID 4. Chip and pin If they go chip and pin you can say goodbye to rfid most likely. I prefer rfid to chip and pin. But it will be what it will be. |
The reluctance to change is also two other things.
Expense of the equipment to merchants. (some merchants can't afford to change) Resistance by consumers. (some have fears instilled by false information) |
Originally Posted by EasternTraveler
(Post 11900956)
Expense of the equipment to merchants. (some merchants can't afford to change)
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Supposedly Citi offers a C&P card to AA Advantage members in the US. You apply through Citi in the US but the card is apparently issued by Citi UK. Not sure how that works from a regulatory standpoint though. I just got an AA number and applied for the Citi card. If it works I'll be happy.
Chase, partially at the behest of Continental, is apparently planning to offer C&P as an option later this year. We'll have to wait and see. |
Originally Posted by EasternTraveler
(Post 11895448)
So let me say this very clear:
There are NO banks in the USA that will now or in the future offer chip and pin cards. This also applies to the rest of the Americas and many other countries except those in the EU that are involved in the chip and pin program. Many countries in the EU just recently started the program. Some issuers in the EU are just NOW converting over. NO USA bank can issue a chip and pin. None will! Ask till your blue in the face. The answer will still be no! both my brazilian charge cards (mc and visa) now have chips. these are from the largest bank in brazil (unibanco/itau). |
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