PIN Debit has helped in decline of in-person card fraud

According to the PCI Council, the widespread use of chip and PIN technology has led to a significant decline in in-person credit card fraud, though cases of "card not present" fraud have increased.

So far, however, the question of adding PINs or fingerprint checks to U.S. credit card transactions has been moot. Credit card issuers in the United States have yet to embrace any new security techniques, biometric or otherwise, beyond the signature or, in some cases, photographs on cards. One impediment could be the relatively high cost that would be required to replace, throughout the country, all point-of-sale credit card readers with readers that work with PINs or fingerprint checks. Read more below:

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