Preparing for “Chip-and-PIN” cards in the United States

The New York Times:

The technology, which has a microchip in the card and requires consumers to enter a PIN at checkout, has been required in Europe and some countries elsewhere for about a decade. Now, Americans retailers and banks are preparing for the wide release of the technology, in a wholesale security upgrade that will cost billions of dollars. The change will start next year and is expected to take several years to complete.

It can’t happen fast enough. Most of the rest of the world is already protected by this tech.