Every time I use my chip enabled credit cards I am amazed at how long it takes in comparison to the old swipe method, wouldn't one expect it to be quicker since it is an improvement? Plus with it taking so long I wonder how many people lose focus during the wait or are in a hurry and rush off without their card. Today is the day I decided it was time to find out the answers. First off the US is significantly behind Europe in credit card security which is one of the reasons the chip cards are called EMVs (which stands for Europay Mastercard Visa) . They have been in place in Europe for years and have reduced credit card fraud,but in Europe they also use a pin number with their cards making it nearly impossible to steal the info or make unauthorized purchases which has yet to be introduced in the US and I'm guessing by the time it is introduced the fraudsters will be one step ahead. In conclusion the US is behind Europe in health care,education and credit card security and whatever else I might have missed.
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