Tuesday, October 06, 2009

Take my plastic, please!

It seems pretty lame that no U.S. bank will issue a chip-and-pin card compatible with common international systems. One commenter noted the the AmEx Blue card originally had one of the embedded chips, but the newer ones have RFID instead (useless abroad).

This doesn't seem like a stable equilibrium. Surely one credit card issuer will seize the opportunity to market to international travelers. "Not all cards are created equal: Choose ___Bank Visa/MC for guaranteed acceptance overseas," etc.

When I travel I usually rely on credit cards and cash withdrawals at ATMs. There have been several instances of my credit cards not working but nobody ever fingered this as the problem.
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