>>> My view concerning your request: no. is probably the best response for the request. On a related note though, it's always amazing how on one hand Big Banking tries to show that it's in touch with the latest tech developments (Bitcoin Consortiums, RFID/NFC payments) etc. but on the other hand display a very shallow understanding of how secure systems should work.
> display a very shallow understanding of how secure systems should work. They still ask about mother's maiden name, prevent paste of passwords, took forever to adopt EMV in the US and other idiocies It's security by cargo-culting
Totally agree with your comment, but I'll go a little bit on a tangent here.
I am an European, all my cards have always had a chip, I have not even seen a card without a chip until I visited the United States. All this reluctance to adopt chips seems so ridiculous to me.
But then I spent more time in the United States and with magnetic stripe cards, and boy do I love the better experience.
Let's see, in the US I can swipe a card at any moment of the transaction, and this physical act takes less than a second.
With chip, in most European countries not only I have to wait for the cashier to scan everything, but I also have to wait for the cashier to press a magic button that says "card payment"; only then does the POS become active.
Then I have to plug the card in, different POS terminals require the card to be put in different orientations, wait 3 seconds for the terminal to do whatever, insert PIN, wait another 5-30 seconds until the transaction runs, and then get my card back.
Or let's look at NFC. I still have to wait for the cashier to scan everything and push the magic button, I have to press the card 3 seconds on the POS until the NFC chip is read. Since there's no feedback, I have no idea if I keep the card in the right place until it beeps. After that, it still takes the same 5-20 seconds until it's done. The only advantage of NFC is that I don't have to plug my card in the terminal, but since the progress feedback is worse, I am not sure how that is any improvement at all.
The user experience is so much worse. Why wouldn't I want a magstripe-only card? Yes, it's (vastly) more insecure, but I am not liable for fraud. I don't have anything to lose.