websteth wrote:I will for sure. Just in speaking with American Express a few minutes ago about something else, I was told that the deadline for the US set by the companies is 2015 that all cards have to be converted. I've noticed more and more terminals have the slots in merchants now as well.
Amex....the last hold out. They disappoint me. The networks have given merchants until 2015 (gas stations until 2017) to accept chip cards; however, since the government is not mandating it, it is entirely up to the merchants to change or not. But the networks will shift liability back to the merchants if fraud occurs using a chip card at a POS terminal that could not accept a chip transaction. I believe that this will be enough incentive for merchants to change but who knows. The US' migration to EMV is unlike other countries because their governments made it happen. And you are right, I have been seeing new POS systems popping up that accept mag strip, EMV chip and RFID (paypass) all in one.