Re: slow?
EMV is not very difficult (for anyone) and stops a lot of crime - what is the problem over there?
The US has a huge network of ATMs, many of which are antiques that can't be upgraded. To replace the whole lot with something more modern and more secure would cost a very large amount of money, and the cost of fraud to the banks is going to have to get even higher before they consider it worth replacing the network.
I had an interesting discussion with a US banking security expert a few years ago, on the subject of PIN length. I was working with a British manufacturer of PoS terminals, and we wanted to be able to offer the banks the ability to let customers set longer PINs. He said that in the US ATM PINs would remain at 4 digits for the foreseeable future because that length was essentially hard-coded into more ATMs than it was feasible to replace ... and international travel means that if the US is limited to 4-digit PINs, everyone else has to be as well.
It's much the same with chipcard adoption. It won't happen until the level of fraud rises even more, or until the banks are forced to indemnify customers from any fraud on their accounts.
Biting the hand that feeds IT
