Bah
Nobody wants the bleedin chips except the credit card companies. They are the only ones that benefit. It's purpose is to send fraudulent charges back to the merchant that accepted the card. The card companies are not interested in PINs as that might cause them to take liability.
The chip readers take much more time to process than magnetic swipers and they cost the retailer about $400 apiece. It's a win (credit card merchant) - lose (retailer) - loss (customer) situation. The only possible benefit for the user was that we'd finally have cards we could use at ATMs in Europe. But then they didn't give us PINs.
BTW every time I use a gas pump that asks for a zip code I feel massive empathy for foreign drivers that likely have no idea why the pump has stalled and can't read the f*ing screen in the bright sun even if they did know english.
Biting the hand that feeds IT
