re: Credit Card Chip system. Or not?

Security is better but it's just a matter of time before chip cards are just as vulnerable as swipe cards.

That being said, I really don't get the fuss. I can tell which POS is which and the card stays in for a little while. Meh.

quote:

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Tons of retailers don't want to invest because the credit card companies themselves absorb most of the fraud.

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Not any more. if your bank issues you a credit card with a chip in it and the merchant has you swipe instead of chip read, the merchant, not the bank, is responsible for any fraud activity. its a big liability intended to force the merchants to accept the higher security of chipping.

Not 100 percent sure, but if fraud happens with your card in such a situation, the merchant may or may not honor any fraud coverage like the bank would.