One of my good friends is Canadian, and he is a manager at a Shopper Drug Mart in Toronto.  He said once Canada went to chip-and-PIN, that the incidence of fraud essentially went to zero.  The only time there is fraud is when the cashier isn&#x27;t paying attention and allows a transaction that is swipe instead of PIN, via some special way the customer can swipe the card (pulling it out too quickly or something).<p>The idea that PIN doesn&#x27;t bring fraud down to almost zero is ridiculous and it really is about fees.  That&#x27;s why debit card transactions with PIN have such low interchange, because the PIN brings the fraud down to essentially zero as well.