Doesn’t matter who’s making the prediction, it’ll pan out just as well as predictions of a paperless office. I actually see the card industry moving AWAY from no-sign no-pin, my gas credit cards used to be all no-nos now they all want me to enter my zip which is basically a pin.
Okay, this isn’t the actual article I saw, but it covers what I remember about it. All the card companies are moving over to it and then they’re going to force the merchants to upgrade their equipment nor they will be liable for any potential losses (as I remember it) ...
EMV to the rescue?
Even if the millions of consumers burned in the most recent rash of breaches start clamoring for EMV cards, those cards will offer no extra defense unless retailers update their equipment. That will cost merchants money, but the card networks (Visa, MasterCard, AmEx and Discover) are giving both them and card-issuing banks an incentive to upgrade by October 2015.
At that point, the networks will institute a “fraud liability shift.” That’s a fancy way of saying “adapt or pay.” If a consumer’s card is involved in fraud, whichever party involved in the transaction (the bank that issued the card or the merchant that accepted it) that didn’t upgrade to EMV will be held accountable.
Although everyone has until 2015 to upgrade, quite a few financial institutions are already rolling out EMV cards. Given the prevalence of EMV throughout the world, banks have realized that smart cards are a travel benefit that can be touted, just like travel insurance and no foreign transaction fees. Many of the major issuers have them, as well as some credit unions (including Pentagon Federal, State Department Federal and Andrews Federal).
Where can I get one in 2014?
Use the chart below to find out which issuers are providing EMV chip cards for Americans. This list is periodically updated as new cards come onto the market. Please note that technically speaking, most of the cards issued in the US are chip and signature. That being said, these signature-based EMV chips will still work with most international merchants. If your card is in the chart, but doesn’t have a chip, you can request a new one from your issuer.
http://creditcardforum.com/blog/chip-and-pin-credit-cards-usa/
We’re switching over - and progressing along the pathway to the future ... :-) ...