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Comment by bpicolo | Hacker News Reader

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bpicolo·

For credit cards in the US you virtually never use a PIN. Debit cards only

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Well, even then.

Require the customer to verify that he/she received the card in their online banking interface.

Mark it as invalid/stolen/whatever before that.

This may seem foreign to most people here, but there's still a TON of people who don't do online banking or have an account setup/bookmarked for all their financial institutions online sites.

Well, in those cases you can go to the next branch.

That's changing as of this month. Most banks have already issued new chip cards, which require a PIN. If a merchant is still using the old swipe and sign system, now they'll be liable for any fraudulent transactions if the customer has a chip card.

The system in the US is not chip-and-PIN, it's chip-and-signature.

All of the new chip cards in the US I've read about are signature only. It was decided that the US consumer would dislike the added complication of needing to use PIN.

I'd like a chip card that requires a PIN (and that is accepted widely in the US) because such a card would make unauthorized charges less likely after the card is lost or stolen, but was not able to find one.

I have a US chip card where I've set a PIN for transaction purposes, so it's not signature only, but it'll still accept both. That said, all of the chip card readers that I've used (few and far between still...) seem to have been configured for signature only, so I haven't been prompted for my PIN yet.

Thanks for clarifying. I agree that my "signature only" was inaccurate.

Incorrect. The new cards are chip and signature. No pin involved.

Debit cards are chip and pin now, granted

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