Wait, the US is still on magstripe? Isn't that literally just a bar code? No challenge-response, or encryption? Fraud detection seems like the wrong thing to be focusing on if that's the case...
In my area, almost everything has been chip for the last couple years, except gas stations. My local gas station just installed chip readers a few months ago.
Yeah, it's even worse than that. I was recently in the bay area and I went to pay for a burger with my Canadian chip&pin card and when I the card in the transaction was automatically approved with no need to enter the pin.
