Credit cards: boon or bane?

Credit cards: boon or bane?
2.5 5

Americans have been finding it increasingly difficult to use their credit cards when traveling in Europe and elsewhere and the main reason for that is the spread of the chip and PIN technology. EMV-enabled terminals are typically not equipped to read magnetic stripes.

What makes matters even worse is the human element, as many Americans have discovered. European sales clerks are so used to chip-and-PIN types of cards that they often just don’t know what to do with signature-based ones, even if the equipment supports them. “You have to argue with them to use the card,” is how one traveler described his experience.

Greg (not verified) Fri, 07/08/2011 - 00:49

Post new comment

The content of this field is kept private and will not be shown publicly.