Do you guys in USA have chip and pin cards?. A card that has a chip with information on it and a Personal Identification Number that must be keyed on a keypad when ever personal transactions are made e.g to buy an item they place your card in a reader to read the chip and you key your PIN on the keypad of the same reader to verify that this is your card.

This is getting more common use in Europe and UK and is deemed to have reduced card fraud dramatically. No one can copy your PIN (easily) and providing that you don't keep the PIN with your card you are pretty safe from fraud. As they become total in use the old idea of signature will cease and unless the thief has your PIN you are relatively safe.

While I am on the subject: we in Uk use a system called switch which is a debit (not credit card) that debits directly from your bank account. Most of them use chip and PIN now and I presumed that the USA would be in the forefront of this technology.

Just curious

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