I just got my shiny new VISA Platinum from ASB and it has a microchip in it. The accompanying documentation states most EFTPOS readers in NZ will have a slot for microchip cards and details how to use it (leave card in reader while entering PIN etc)
1) How many shop assistants are going to use the microchip slot instead of the mag strip? I'd say damn near 0
2) How many shop assistants are going to be totally confused when I say "please use the microchip slot instead"? I'd say damn near all
3) How many shop assistants will say "what are you doing" when I try and use the microchip slot myself? See answer to number 2.
Any real world experience?
I guess the banks have to start pushing them out to get the awareness going but I can't see my microchip getting too much action any time soon :-)