[jyl]

Huge credit card data thefts that have hit US retailers in the last few years. Target was a huge one recently, TJ Maxx before that, and smaller thefts occur all the time.

There were some weird charges to my MC last month. Walmart purchases I never made. I called the card company to contest the charges and get a new card. The call center lady told me they have been slammed with similar calls, but expect the real wave of fraudulent charges in a few months.

It turns out that by 2015, credit cards in the US will move to a European system of chips embedded in the card, and a PIN that the consumer keys in. This is supposed to be more secure than the current magnetic stripe and signature system.

My question is, what do you think about the chip/PIN system? Those who have used it?