[jdeibele]

Me, too. Found http://krebsonsecurity.com/2014/10/chip-pin-vs-chip-signatur...

"Most card issuing banks and Visa don’t want PINs because the PINs can be stolen and used with the magnetic stripe data on the same cards (that also have a chip card) to withdraw cash from ATM machines. Banks eat the ATM fraud costs. This scenario has happened with the roll-out of chip cards with PIN – in Europe and in Canada."

[lucaspiller]

I don't quite follow this... how do you use your card at an ATM if it doesn't have a PIN? In Europe cards had PINs for this, even before EMV.

[MrRadar]

US credit cards (both chip and non-chip) have PINs they're just used only at ATMs when taking cash advances. The article jdeibele referred to said that if you forced people to use their PINs all the time the rate of cash advance fraud would go up since it would be more likely that a skimmer would have the PIN (since there would be more opportunities to intercept it).