|
It's not that American's won't use them, it's the fact that the cost of implementing such a large number of chip readers in the USA is not NPV positve on a risked basis. As for trusting them, they have the same rate of fraud as the *modern* encrypted magentic strip.
I use Citibank Virtual Card numbers for online transactions. I log into my account, setup a VCC for one transaction and the amount I'm charging and presto, can use it for a one time only purchase. I'm really surprised that Australian CC's don't use it, but hey, nothing like losing money to hide your profits... lol
For store purchases, I use whatever is available... I have a credit card that is limited to $1000 total and use that for any store purchases. I can *instantly* pay for the running sum (or part thereof), thus allowing multiple purchases to occur beyond the $1000 limit.
OIC!
|