[Greysard]

Well, the banks did their part. They spent a lot of money on new cards. However I haven't yet seen even a single store that supports "dipping." Some stores have the machines with a smartcard reader, but when I ask they say "No, that doesn't work yet." Promise of liabilities is a good stimulus for the corporate IT to get moving.

The fraud is not a significant drain on banks; it's just cost of doing business. The problem is that the fraud feeds the criminal industry of card theft, counterfeit, and other misuse. I'm not sure that the banks would have done anything without those massive breaches like at Target. Those incidents created enough pressure on banks to "do something," and so they did.

[boop]

"However I haven't yet seen even a single store that supports "dipping."

And think of the sanitation issues.

I know there are many banks that use "fingerprint ID"

But being the germophobe I am, I just can't get past thinking: "Wait, the last guy to use this might have just wiped his ass."