Quote:
Originally Posted by Goaliebot
I can tell you who won't win: us consumers.
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You got that right. We basically have a company with a six billion dollar net profit (Visa) fighting with a fourteen billion dollar net profit (Wal-Mart) over a hundred million dollars.
That is some problem to have...
Quote:
Originally Posted by Sir Prime A Lot
Wow, they got this backwards. The chip with PIN decrease security and it shifts responsibility completely to the consumer while removing all responsibility from the retailer. I'm always surprised people still think this is more secure.
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Being secure and shifting responsibility are two different things.
A mag strip can be copied and reproduced in minutes while a chip is pretty well locked down and controlled.