Credit cards with Smart Chip
 

Anyone know of plans by Chase to convert all their credit cards to Smart Chip?
This would help with purchases in Europe (especially train ticket at kiosks)?

What cards (Chase or otherwise) currently have Smart Chip in them (in the US)?

Thanks!

the new diners clusb cards do
 

chip and pin....but i don't know if they are taking new applications.

Here is a list:

http://www.flyertalk.com/forum/credi...signature.html

Just a note: While it may help with many purchases, foreign cards - even if chipped - aren't accepted universally. Wouldn't work with 3 different Canadian chip/PIN cards + 1 sign U.S. card at a manned SNCF ticket booth in France, nor in some French autoroute toll booths within the past month

Wells Fargo also has chip-and-pin credit cards available. I've used mine abroad quite a bit.

Oh, the insularity of some Americans! The Monroe Doctrine is alive and well in 2012.

Anyone know if you open a savings account in Singapore if you get a smart chip in your ATM card?

Chicago Tribune story about it last week. File it under don't hold your breath

Seniors on the Go: Chip and pin cards for all travelers? Not yet

I wonder if it has to do with the type of transaction. KLM has a debit payment option that works with Maestro cards and I've read about buying train tickets in AMS (at the machines) using the "debit card" option - apparently it only works for Dutch debit cards. I did try my chip/PIN card and it didn't work; I had to select the more expensive credit card transaction.

I just spoke with the Merrill Lynch Bank of America.

They said that they will be releasing the cards Mid/End of July 2012.
I was not able to update the google docs.

:rolleyes:
Or it could be a cost issue, as implementing this will require replacing virtually all of the credit card machines in the USA.

Europeans can't pay with a chip CC in the US?

Still have magnetic stripes, but the less you swipe, the lower the chance of someone skimming CC data. Canada has a lot of dual-use machines and an increasing number of portable bring-to-the-table machines at restaurants so your card doesn't go out of sight.

Merchants upgrading their terminals have nothing to do with it; it's a bank scare tactic to shift the blame to merchants. :rolleyes:

Every single chip card out there still retains the mag-stripe. Canadian, German, Japanese, British VISA/MC cardholders have no problem using their chipped cards when they visit the US because they all have mag-stripes on the back. Or what, do you think all the tourists we get from Europe, Canada and Japan can't use their VISA and MCs when they pay for goods here? Of course not.

Not a single merchant in the US HAS to upgrade their terminals for the sake of chip card issuance here in the US. If the card retains the mag-stripe, they can still swipe it and upgrade the terminals later (machines have their own end-of-life spans as they get older and break down, they need to be replaced anyway).

It's not like "from December 31, 2012, we're switching off mag-stripe and BAM! At the stroke of midnight January 1, 2013, every merchant needs to go Chip-and-PIN so you better upgrade your terminals by then!"

It's more like "we're beginning to implement Chip-and-PIN starting October 2012 and it'll be up to you whether to change or upgrade your terminals to start accepting it that way. But keep in mind that if you haven't done so by 2015, you're going to be held liable for all fraud charges if you still stick with accepting the less secure mag-stripe. Your choice."


If anything, it's just like the conversion from those old carbon-copy imprinters to the mag-stripe many decades ago. No merchant was forced at gun point to start buying mag-stripe readers and throw away those carbon copy imprinters just because mag-stripes-were-a-comin'. Merchants were free to use the carbon-copy imprinters until they saw a fit to move onto mag-stripe processors themselves.

The same carrot-and-stick approach was done back then as well. "You're all free to continue using the carbon-copy imprinters. But keep in mind, the mag-stripe will get your money deposited to your accounts faster, it's safer than mailing those carbon copies in by mail, and it's less prone to fraud than the carbon copy clap-clap machine. Your choice."


And it's not like debit or credit cards issued today did away with embossed numbers either. Even cards today still continue to have raised embossed numbers on them as a vestigial remnant of those times, and for various good reasons like some motels still use carbon copy imprinters for incidental purposes (banks requires them to keep a copy of it until a certain period), pizza guy still uses the for pizza delivery, embossed numbers also enables the blind to pull out the correct card, etc.

Good points!

(Also reminded me of being in a small town in Peru and, since we were low on cash, picking a restaurant based on it having a visa logo in the window. Turns out they didn't really take credit cards, but after I demonstrated my lack of cash they eventually located a carbon and took a rubbing of the card using a pen)