Chip cards aren’t the problem per se...but they just increase cost for everyone w/o much benefit since they left out the “PIN” part of “Chip & PIN” (we are “Chip & Signature”) AND they left the mag stripe on there to be easily duplicated and used on a clone card on a non-chip terminal. The chip did add some security in the internals of the readers (encrypted x-actions) and once every merchant in the USA buys a new terminal (millions/billions of $??) the mag stripe fraud will be eliminated.
We may get pins later on.
I think that’s advisable. I would like to see the strips gone.
I think that defeats the purpose.
Still, this is a roll out, and I don’t think it’s unusual to see it play out in steps.
I suspect it will be different in a few years.