User Frustrations - Using Mag Stripe Cards in Chip and PIN Markets
In an article today titled "US travelers face credit snafu", Eric Lucas writes for the Boston Globe about how the migration of countries around the world away from magnetic stripe cards to chip cards requiring PINs for acceptance is impacting some American travelers. While merchants in Chip and PIN markets are supposed to accept foreign mag stripe cards, Lucas personally found he couldn't use his US Visa card while traveling in Scandinavia this summer. His solution: "Cash usually works."
I posted about this subject a couple of weeks ago on the HomeATM PIN Debit Blog. HomeATM has a patent pending technology called "PIN my Card" which would attach a PIN number to credit cards. Although initially designed to create a "Card Present" Rate for online transactions, it would also serve as a solution to the problems American's are having when traveling to Chip and PIN countries across the globe.
Posted by: John B. Frank | September 08, 2008 at 08:37 AM