Since my first trip to Europe 5 years ago, I’ve been trying to get a chip-and-pin credit/debit card. As far as I have been able to find out, other than a single credit union in DC, there is no way to get a chip-and-pin card in the US. American Express and others have chip-and-signature, but that’s not the same, even if they try to tell you that it is. For example, you can’t use chip-and-signature at unattended gas stations, vending machines or many other places in Europe.
It looks like, finally, the American card industry is willing to truly join the EMV card world, and issue chip-and-pin by 2015. It only took 10s of millions of credit cards numbers being stolen within a single month or so, to get them to move.
Almost all of our credit and debit cards were re-issued to us in January, by several credit unions and other financial institutions. That had to be expensive for all of them, and there is talk of the banks suing Target over their breach.
While this won’t end credit card fraud completely, it will definitely make it more difficult.
Just one more thing to think about as I work on my personal privacy…