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flip · 10-24-2009, 05:06 PM

I have a chip card and I was sent a PIN but have the option of changing it.

FTR I asked my banker father and the reason not much of the US has chips is because banks aren't as regulated in the US. Banks in the US aren't chartered so having the big banks in Canada agree on chips is easy because there are so few. In the US there are SOOO many banks and as such it is WAY harder to get them all to sign on to the chip program.

10-24-2009, 05:06 PM	#14
flip Lifetime Suspension Join Date: Mar 2007 Location: Sec 216 Exp:	I have a chip card and I was sent a PIN but have the option of changing it. FTR I asked my banker father and the reason not much of the US has chips is because banks aren't as regulated in the US. Banks in the US aren't chartered so having the big banks in Canada agree on chips is easy because there are so few. In the US there are SOOO many banks and as such it is WAY harder to get them all to sign on to the chip program.