Vermonster wrote: It just feels like this is a half assed attempt to appease the masses (and congress) by doing a whole lot of nothing. Perhaps I'm wrong, feel free to let me know.
I agree 100%. Except for computer software design and highly specialized electronics, the U.S. consumer electronics/computer industry has "left the building" years ago. We lag behind much of the civilized world in introducing or utilizing innovations in electronics and computer security (on purpose, probably). Friends returning from Europe and Asia have told me they have seen cellphones, TV sets, digital cameras, computers and even vending machines that we haven't seen here yet. More to the point, I read an article a few weeks ago, that somebody has already designed a prototype "EMV Chip "skimmer/shimmer", that is ultrathin, and was placed in a Diebold ATM somewhere in Mexico. That's right, the crooks are already hot on the trail to skimming our chip cards, and stupid ass banks like my local savings bank (soon to be my EX-savings bank), have not even STARTED to mail out EMV equipped cards! The entire transition is a mess, as usual. Just keep a close eye on your transactions and where you do them. Thanks.