To make matters worse, after C&P rolled out some banks would just flat out refuse to reimburse cardholders for fraudulent charges. They claimed the system was b

To make matters worse, after C&P rolled out some banks would just flat out refuse to reimburse cardholders for fraudulent charges. They claimed the system was bulletproof and if fraud did happen, then it was the cardholder's fault: http://en.wikipedia.org/wiki/Chip_and_PIN#Banks.27_liability http://en.wikipedia.org/wiki/Chip_and_PIN#Banks.27_liability