[concerned_user]

Well for them it is money lost due to fraud vs money spent on tech upgrade. Until money lost to fraud is tolerable banks are not going to upgrade, it also seems that a lot of big banks are very short sighted, like it was with 2008 housing bubble.

[Nursie]

It's not just the banks, the major US retailers are very resistant as well, or so I am told by people in the industry who deal with the US market.