Comment Re:DOA due to Liability shift to consumer... (Score 1) 558
That's huge: in the UK the banks were temporarily able to do that by claiming chip-and-pin cards were secure (boy, was that not true). The courts threw it out, as you might imagine, but only after lots of people were defrauded.
In Canada, the banks are on the hook, and have refunded me both times their "unhackable" pin-and-chip card got hacked. We and the US are looking at card-and-signature systems, which have good customer protection as humans can verify claimed forgeries, just like cheques.