[LakeCleElum]

Chip cards have been common in Europe since the mid-90's.

The problem is the new "Chip" cards in the US is they still have the magnetic strip also. Called a "Hybird" card.......That were most of the fraud comes from, so no more secure at all.

For a true "chip" card in the US, retailers would have to have new hardware to read the card.

Also, card companies produce cards with the strip for about $1 a card. A chip card is more like $3 per card......Some banks have chosen to pay the cost of fraud vs more to produce the more expensive card.

There is a push to require retailers to have the chip reading systems by some date in 2015.....