Sorry, UK guy here. Somebody seems to have a made a repost from the early 2000s...
We're just in the process over here of replacing chip and pin with 'contactless', thus removing the security that the PIN afforded us.
We have that in the US too (e.g., Visa payWave, Mastercard Paypass, Discover Zip. EMV can use either a contact smart card (ISO/IEC 7816) or a contactless smart card (ISO/IEC 14443). They both have chips; the difference is whether the reader communicates with the chip via electrical contacts or via radio waves.
Also, what's happening today is that US banks are changing who has to eat the cost of fraudulent transactions... it's not that the US is just getting EMV cards (or contactless cards) today. They've been around for years... Discover Zip was out in 2011 (however, it still hasn't become popular... probably because there weren't many terminals that could do contactless back then. Now that merchants are being forced by the banks to upgrade their terminals to support EMV, a lot are getting terminals that take both contact and contactless).