wrote in message ...

On Mon, 1 Oct 2012 09:07:31 -0400, iBoaterer wrote:

Pin and Chip, look it up because I know that you haven't a clue.


What happens when you lose a pin and chip card?
If the totals are really stored in the cloud, why is it different than
a regular debit card? Both count on the security of the PIN
If someone somehow figures out your PIN (maybe watching you punch it
in, recorded on their phone) how is it any more secure when they steal
your wallet?

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That way they are not any different than our cards, but can not be cloned so
easily, and you may only lose a day's money, instead of a couple weeks until
your bill comes in.