Chip and PIN Cards More Secure Than Swipe Cards, Also Pretty Awful
To our U.S. readers, paying with a credit card means swiping a magnetic strip. But for people in much of Europe and other countries, it means inserting your chip card into a reader and entering your PIN. This so-called chip and PIN solution has long been touted as far superior to the American swipe, and in most ways it is. But there are some serious issues with how the scheme has been implemented.