Re: And yet CA banks adopted chip-cards long before the US
That has nothing to do with it.
The US already had a large infrastructure in place and they looked at the cost of moving to chip and pin versus the losses (theft) that they had at the time. The cost of moving was higher. So they didn't move.
When there was more data theft and fraud such that the cost of moving was cheaper, the US moved.
That's pretty much the gist of it.
Biting the hand that feeds IT
