ph1993 wrote:Really cannot believe this. We've had the visible chips and contactless payment chips on all our cards (inc. AmEx) in the UK for years. There's no such thing as 'swipe and sign' anymore. It makes you too vulnerable to fraud.
For this, you have to understand why Europe converted in the first place: 1) we may have gun violence here in the States but you Europeans are downright shady when it comes to credit card fraud; 2) mag strips "call home" to the bank for approval; Europe taxes the crap out of everything and made those calls outrageously expensive (not so much here in the States) and 3) you all don't have nearly the amount of places that accept cards as the US (nor do Europeans use cards as much as we do) and therefore, it was cheaper and easier for Europe to convert to EMV. So...there was really no reason for the largest credit and debit card country to switch. Even a few years ago it was widely known that eventually payments via Smart Phones would replace a lot of physical cards...therefore, the US was trying to avoid the middle step which is EMV-itself 20 year old technology-and skip straight to the Smart phone "contactless" payments.
We are all terribly impressed with The Continent's EMV technology and we are catching up now that Visa, MasterCard, Discover and Amex have all finally gotten on board. And really, WORLDWIDE, Amex has been the last to adopt EMV so you shouldn't be so shocked to learn that we don't have EMV capable Amex's yet.