[867V309]

If I’m forced to use one, I guess I can always drill a hole through it and just utilize the regular mag strip

I frankly don't think the fraud committed on my account was because of the chip, but the chip sure didn't stop it.

Unless I'm mistaken, these chips are not RF chips which can be read remotely, but require physical contact with the card reader.

[FunkyZero]

You know, I guess I should have looked more closely. I just assumed this was the RFID baloney... that’s why I cut it up

[-YYZ-]

We’ve had chip cards in Canada now for some 5 years or more. Where before you would have swiped and then signed (possibly electronically), with the signature using being ignored (who ever actually looks to see the signature matches the one on the back of the card?), now you would just insert the card in the chip reader and punch in your PIN. More secure mostly against duplicate cards made by duplicating the mag stripe - the chip is supposed to be secure, although I understand that its encryption has been broken.

Lately all the new cards here have “tap” RF (NFC) technology. This is typically only good up to $100, maybe $200 for gas. I don’t worry about it, because if there’s a fraudulent charge, it’s the bank’s problem, not mine.