re: Credit Card Chip system. Or not?

quote:

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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.

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I don't think you understand what you're saying. If someone steals my credit card number and clones it to a fake card and goes to [Retailer] and buys a TV using a swipe, of course I'll be covered for the fraud--the credit card company would reverse the charges. They're not gonna say "Sorry, the thief did it with a swipe--Go call [Retailer]." When they reverse the charges under normal circumstances, the credit card company eats the fraudulent charge. Since the liability shift, I assume they charge [Retailer] for the fraudulent charge reversal.