Obama thinks CHIP and PIN are just golf terms.
This is an issue that can definitely be served by free market choices - ( I know, an alien concept to the world’s liberals)
You want card with a chip, apply to a company that offers them.
I did
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
Merchants will be required to have a point-of-sale terminal that can read the chip by October. If they don't, they will assume responsibility for any fraudulent use of a card that has a chip.
However, it will be almost universally "chip and SIGNATURE" for credit cards. Unlike other countries that use a PIN, it would require a large change in how some merchants process credit cards -- like restaurants.
I think we will eventually go to PINs in the US. But, it won't happen this year.
No, "contactless" means that the card isn't inserted into, or swiped on the reader.
Contactless cards use NFC (near field communication). You can find a sideways WiFi symbol on the back of cards that support it. It's called "tap to pay" in other countries.
Apple Pay and Google Wallet work by emulating a contactless card.
ping
Last year I was issued a new credit card that the chip and the old strip. In some places like Wally World I had to slide in the slot that reads chips. Other places with older machines I slid the conventional way to read the strip.
About six months later they cancelled that card and sent me a replacement with NO CHIP! I figure this means the chip had some drawbacks they way they had implemented it.