What if my card is stolen, and someone ‘dips’ it at a store? How is that good?
Wal-mart around here (Central Florida) is the only merchant with these new machines that I’ve seen.
They are a pain, they never work the first time and it usually screws me out of 2 additional minutes every time I swipe it. You wait long enough to get someone to check you out, this is a burden on ME. Not anymore.
Guess what, PAYING CASH NOW.
You're still in a world of hurt unless you discover the loss and close down the credit-card account before the thieves can dip your card.
The new cards mainly prevent thiefs from making copies of your card, which was a vulnerability with the old cards, where thieves would 'read' the old magnetic stripe for your card data.
Your PIN number is still required. I believe the chip cards is to stop the criminals that put stripe readers over the real readers.