I have not used chip and PIN for years, I use contactless only, I do not think, I would even know, how to put a card into the terminal. I especially love the small sticker with a wolfy, I put it to the tiny pocket on jeans, easily accessible, very fast and convenient use.
I wish the next president (either one) would simply stand firm on NO magnetic strip transactions will be legal to process. I am not trying to appear radical, but using a magnetic strip is like driving with a blindfold on and then wondering why you had an accident. I actually get a little miffed when I pull out my chip card and the merchant's machine has a note that the chip is not supported yet. Really?? If our Congress can't get this done maybe MC and Visa could get together and start charging a small percentage higher fee for non-chip use. If the big box stores had to pay 0.25% more for non-chip they would have the chip reader activated overnight.
Each year millions of Americans suffer from credit card fraud. So why did card issuers cut corners on card safety? http://www.salon.com/2016/10/07/who...given-you-a-fraud-safe-credit-card-but-didnt/
Given the levels of commerce in the USA , I am always astounded at how slow financial institutions are at keeping up with new developments in transaction security .