Not quite. If I understand correctly, as of that date Chip and PIN will be encou... | Hacker News

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		mcherm on Oct 8, 2014 \| parent \| context \| favorite \| on: 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 [–]

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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