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mcherm
on Oct 8, 2014
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Final – A credit card built for the 21st century
Not quite. If I understand correctly, as of that date Chip and PIN will be encouraged, by charging higher fees to merchants when they fail to do a chip and PIN transaction.
dustinchilson
on Oct 8, 2014
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No just higher fees but the merchant becomes liable for fraudulent transactions processed without chip and pin.
Whereas before the big card brands would cover more the risk and fees.
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