I can tell you that you heard wrongtng11 wrote: ↑Jul 24th, 2009 2:13 pmI left out the word "eventually".
I have heard the reason why all the companies like MBNA, Citi and other smaller companies are falling behind in the chip rollout is because they need to solve the logistical problems of people needing to change their PINs, as they don't have ATMs like the big banks.
AMEX is doing a test pilot in Canada for Chip+PIN cards currently. The rollout according to them will be in 2010.
https://www212.americanexpress.com/dsml ... faad94RCRD
Lets justs say that MC international has advised the banks that they have by Oct 2010 to implement chips in the cards.
As far as PIN's go ... it has nothing to do with actually changing the PIN's.
When the cards are rolled out, they will come with system generated PIN's and you will most likely get a form which you can fill out and send back with your own personalized PIN.
Citi had VISA when they acquired Canada Trust accounts ..
In the states, they issue VISA and MC ...
However, at the moment, there is no Canadian issuer that offers both ..