The EMV cards being rolled out stateside are a bit different than those rolled out in other countries. Most U.S.-issued cards use what’s called “chip and signature“ technology, while the EMV cards being issued overseas generally use “chip and PIN” technology.
http://creditcardforum.com/blog/chip-and-pin-credit-cards-usa/
Chip and PIN headed to the U.S.? Looks like chip and PIN might be coming to U.S. shores after all. Frequent travelers to Europe know European retailers and banks can sometimes get a little testy about Americans trying to use their arrogant non-chip-and-PIN debit cards to make purchases and take money out at ATMs.
http://www.bankrate.com/financing/banking/chip-and-pin-headed-to-the-u-s/
Chip-and-signature credit cards differ from chip-and-PIN cards in that you verify your identity with your signature, rather than via PIN. They are therefore not quite as secure as chip-and-PIN cards but are more so than magnetic stripe credit cards in light of the embedded computer chip.
https://wallethub.com/edu/chip-and-pin-vs-chip-and-signature/25668/
Got First Tech MC before my trip, first made small purchases at Walmart and Lowe’s, had to use my pin. Used it in Canada, Austria, Slovakia, Croatia and Bosnia without a problem. Europe is CHIP and PIN and it was very convenient being an American with that card.
http://creditcardforum.com/blog/chip-and-pin-credit-cards-usa/
A fatal flaw in the chip and PIN technology that is supposed to guarantee the security of millions of credit and debit cards has been identified by scientists. The loophole means stolen cards can be used in shop terminals and bank cash machines without being identified, it is claimed. In theory, thieves would be able to make purchases and cash withdrawals without needing to key in the four digit PIN or being detected.
http://www.dailymail.co.uk/news/article-1250291/Chip-PIN-flaw-means-stolen-cards-used-security-code.html
Related posts: 1  Discover joins chip-card mania! 2  ATMs to take ‘chip’ cards, or else. 3  US bank to offer chip and PIN.  Crack in EMV chip 1  foundation. Hyatt card adds EMV chip.
http://www.bankrate.com/financing/banking/chip-and-pin-headed-to-the-u-s/
The chip and PIN cards require the cardholder to type in a PIN to complete a transaction, making it difficult for a thief who gets ahold of the card to use it. Although chip and signature cards still have the more-secure computer chip, they require a signature for the transaction, rather than a PIN.
http://creditcardforum.com/blog/chip-and-pin-credit-cards-usa/
Chip-and-PIN is the most secure type of credit card technology. Instead of a signature being used for identity verification, it requires you to enter a four-digit Personal Identification Number (PIN) that must correspond to information contained in a computer chip embedded within the card.
https://wallethub.com/edu/chip-and-pin-vs-chip-and-signature/25668/
The chip and PIN system became universal on Valentine's Day 2006, replacing the use of signatures to authorise purchases. At the time banks said the introduction of the PIN system would reduce card fraud because even if a card was stolen it could not be used by a thief who did not know the number.
http://www.dailymail.co.uk/news/article-1250291/Chip-PIN-flaw-means-stolen-cards-used-security-code.html
With chip-and-PIN credit cards, though, the PIN is essentially coded into the card’s computer chip. You can change the PIN at an ATM, but that obviously requires an ATM that can read and modify a chip card. “[Chip-and-signature] is a half-step,” said Jania.
https://wallethub.com/edu/chip-and-pin-vs-chip-and-signature/25668/
where is chip and pin being used
The EMV cards being issued overseas generally use “chip and PIN” technology.