Quote:
Originally Posted by Wandatime
I've read that it doesn't really protect you if someone steals your card or your number; the chip is to keep our records safe when retailers are hacked, like Target was last year.
|
This is probably true with the way the chip is used now. However, in Europe, use of a credit card from a European bank requires a PIN. This then would protect the card holder from misuse of a lost/stolen card.