At 08:42 -0600 on 11/22/2015, Joel C. Ewing wrote about Re: Were you
at SHARE in Seattle? Watch your credit card st:
The biggest incentive was on merchants to get chip-card-capable readers
in place to avoid higher fraud liability, and at least most of the
merchants I frequent have complied, With enough compliance by the
merchants (which lowers odds of offloading fraud liability to
non-complying merchants), there appears to be much less incentive for
the credit card issuers to hurry up with the new cards -- only 1 in 5 of
the cards I regularly use have been updated to chip technology so far.
I may have the wrong impression but unless the card is chipped there
is no difference in the current fraud liability for a merchant who
has a chip-capable reader. The merchant has the liability if a
chipped card is presented and there is no chip reader. Thus it is in
the Bank's best interest to roll out the chipped cards.
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