# Chip And Pin on The No Agenda Show

Chip And Pin comes up in 9 chapters across 9 episodes of The No Agenda Show, from December 2012 to February 2017.

- **Chapters:** 9
- **Episodes:** 9
- **Discussed:** December 2012 – February 2017
- **Related topics:** [Banking](https://search.noagendashow.net/topic/banking.md), [Barack Obama](https://search.noagendashow.net/topic/barack-obama.md), [Cashless Society](https://search.noagendashow.net/topic/cashless-society.md), [Credit Card Fraud](https://search.noagendashow.net/topic/credit-card-fraud.md), [Credit Cards](https://search.noagendashow.net/topic/credit-cards.md), [Europe](https://search.noagendashow.net/topic/europe.md), [Fraud](https://search.noagendashow.net/topic/fraud.md), [Jpmorgan Chase](https://search.noagendashow.net/topic/jpmorgan-chase.md), [Apple Pay](https://search.noagendashow.net/topic/apple-pay.md), [Bank Bailout](https://search.noagendashow.net/topic/bank-bailout.md)

## Chapters 1–9 of 9

### Ercan Findikoglu, Global ATM Looting, War on Cash

- **Episode:** [903: Eat Lipstick](https://search.noagendashow.net/episode/903-eat-lipstick.md)
- **Published:** 2017-02-12
- **Time:** 1:25:05–1:31:44
- **Transcript:** https://search.noagendashow.net/episode/903-eat-lipstick/chapter/ercan-findikoglu-global-atm-looting-war-on-cash.md

Turkish hacker Ercan Findikoglu is sentenced to eight years for masterminding a global ATM looting scheme that stole $40 million in a single 10-hour window. The Secret Service describes the operation as one of the most sophisticated in history. The hosts use the story to discuss the "war on cash" and the inherent insecurity of the U.S. "chip and sign" credit card system.

Keywords: ercan findikoglu, [turkey](https://search.noagendashow.net/topic/turkey.md), [secret service](https://search.noagendashow.net/topic/secret-service.md), atm theft, bank robbery, [chip and pin](https://search.noagendashow.net/topic/chip-and-pin.md)

### Dutch Cashless Society, Pin and Chip Systems

- **Episode:** [738: Busted Router](https://search.noagendashow.net/episode/738-busted-router.md)
- **Published:** 2015-07-12
- **Time:** 23:50–28:05
- **Transcript:** https://search.noagendashow.net/episode/738-busted-router/chapter/dutch-cashless-society-pin-and-chip-systems.md

The Netherlands is aggressively promoting a cashless society, with campaigns targeting children to use bank cards instead of physical currency. Producer Ancilla van de Leest authored an article regarding the Dutch royal family's promotion of credit over cash. The hosts express skepticism regarding the security of the "chip and signature" cards issued by American banks.

Keywords: [netherlands](https://search.noagendashow.net/topic/netherlands.md), [cashless society](https://search.noagendashow.net/topic/cashless-society.md), [chip and pin](https://search.noagendashow.net/topic/chip-and-pin.md), ancilla van de leest, [banking](https://search.noagendashow.net/topic/banking.md)

### Credit Card Security, European Chip and Pin Failures

- **Episode:** [672: Taboose](https://search.noagendashow.net/episode/672-taboose.md)
- **Published:** 2014-11-23
- **Time:** 19:13–24:22
- **Transcript:** https://search.noagendashow.net/episode/672-taboose/chapter/credit-card-security-european-chip-and-pin-failures.md

American credit cards equipped with chips are failing to utilize the standard PIN security protocol in Europe, instead defaulting to a signature-based system. Furthermore, European point-of-sale terminals are offering dynamic currency conversion that applies unfavorable exchange rates to unsuspecting American travelers.

Keywords: [chip and pin](https://search.noagendashow.net/topic/chip-and-pin.md), [credit cards](https://search.noagendashow.net/topic/credit-cards.md), [exchange rates](https://search.noagendashow.net/topic/exchange-rates.md), [fraud](https://search.noagendashow.net/topic/fraud.md), [starbucks](https://search.noagendashow.net/topic/starbucks.md), [apple pay](https://search.noagendashow.net/topic/apple-pay.md)

### Walmart Data Breach Prediction, Chip-and-Pin Integration

- **Episode:** [664: Boss Ass Look](https://search.noagendashow.net/episode/664-boss-ass-look.md)
- **Published:** 2014-10-26
- **Time:** 2:33:38–2:35:35
- **Transcript:** https://search.noagendashow.net/episode/664-boss-ass-look/chapter/walmart-data-breach-prediction-chip-and-pin-integration.md

A technician involved in point-of-sale terminal upgrades predicts a major data breach at Walmart within the next four to six months. The prediction is based on the timeline of previous breaches at Target and Home Depot following similar "chip-and-pin" hardware integrations. The segment suggests such an event would likely occur after the upcoming elections to avoid political fallout for the administration.

Keywords: [walmart](https://search.noagendashow.net/topic/walmart.md), [data breach](https://search.noagendashow.net/topic/data-breach.md), [chip and pin](https://search.noagendashow.net/topic/chip-and-pin.md), [target](https://search.noagendashow.net/topic/target.md), [home depot](https://search.noagendashow.net/topic/home-depot.md), [redbook](https://search.noagendashow.net/topic/redbook.md)

### Obama Executive Order on Consumer Financial Security

- **Episode:** [662: Barama](https://search.noagendashow.net/episode/662-barama.md)
- **Published:** 2014-10-20
- **Time:** 1:20:26–1:26:59
- **Transcript:** https://search.noagendashow.net/episode/662-barama/chapter/obama-executive-order-on-consumer-financial-security.md

President Obama signed an executive order to improve the security of consumer financial transactions, which the hosts interpret as a government-funded bailout for banks. The order mandates a transition to "chip and pin" technology for government payment terminals, including the 44 million EBT cards processed by major banks like JPMorgan Chase.

Keywords: [barack obama](https://search.noagendashow.net/topic/barack-obama.md), [executive order](https://search.noagendashow.net/topic/executive-order.md), [chip and pin](https://search.noagendashow.net/topic/chip-and-pin.md), ebt cards, [jpmorgan chase](https://search.noagendashow.net/topic/jpmorgan-chase.md), [bank bailout](https://search.noagendashow.net/topic/bank-bailout.md)

### Executive Order 13681 and the Bank Bailout

- **Episode:** [662: Barama](https://search.noagendashow.net/episode/662-barama-2.md)
- **Published:** 2014-10-20
- **Time:** 1:20:26–1:26:59
- **Transcript:** https://search.noagendashow.net/episode/662-barama-2/chapter/executive-order-13681-and-the-bank-bailout.md

President Obama signed Executive Order 13681, ostensibly to improve the security of consumer financial transactions. The analysis argues this is a hidden bailout for banks, as it mandates the government-funded upgrade of payment terminals to "chip and pin" technology, specifically for the EBT and Social Security systems.

Keywords: executive order 13681, [barack obama](https://search.noagendashow.net/topic/barack-obama.md), [credit card fraud](https://search.noagendashow.net/topic/credit-card-fraud.md), [chip and pin](https://search.noagendashow.net/topic/chip-and-pin.md), [ebt](https://search.noagendashow.net/topic/ebt.md), [jpmorgan chase](https://search.noagendashow.net/topic/jpmorgan-chase.md)

### Cashless Society, Visa Chip and Pin, Native Advertising

- **Episode:** [648: Centrifuge Him!](https://search.noagendashow.net/episode/648-centrifuge-him.md)
- **Published:** 2014-08-31
- **Time:** 2:42:38–2:48:15
- **Transcript:** https://search.noagendashow.net/episode/648-centrifuge-him/chapter/cashless-society-visa-chip-and-pin-native-advertising.md

A Visa representative on CNBC discusses the rollout of chip and pin cards in the U.S. and the industry's push toward a cashless society. The hosts criticize the interview as native advertising, noting the representative's visible discomfort when asked if consumers should keep cash on hand for emergencies. They argue the goal is to ensure every transaction is tracked and taxed.

Keywords: [visa](https://search.noagendashow.net/topic/visa.md), [chip and pin](https://search.noagendashow.net/topic/chip-and-pin.md), [cashless society](https://search.noagendashow.net/topic/cashless-society.md), [cnbc](https://search.noagendashow.net/topic/cnbc.md), [native advertising](https://search.noagendashow.net/topic/native-advertising.md), [fraud](https://search.noagendashow.net/topic/fraud.md), [cash](https://search.noagendashow.net/topic/cash.md)

### US Credit Card Security and the Chip-and-PIN System

- **Episode:** [576: Mysterious Erratic](https://search.noagendashow.net/episode/576-mysterious-erratic.md)
- **Published:** 2013-12-22
- **Time:** 32:54–35:56
- **Transcript:** https://search.noagendashow.net/episode/576-mysterious-erratic/chapter/us-credit-card-security-and-the-chip-and-pin-system.md

The United States lags behind Europe in adopting the more secure Chip-and-PIN (EMV) credit card system due to the high cost of upgrading terminals and cards. Banks currently treat the $5 billion in annual fraud as a cost of doing business, which is significantly lower than the $50 billion they collect in fees. The lack of consumer liability in the U.S. further disincentivizes banks from investing in better security technology.

Keywords: [credit card fraud](https://search.noagendashow.net/topic/credit-card-fraud.md), [chip and pin](https://search.noagendashow.net/topic/chip-and-pin.md), [banking industry](https://search.noagendashow.net/topic/banking-industry.md), emv, [europe](https://search.noagendashow.net/topic/europe.md)

### European Payment Systems, Chip and PIN vs Magnetic Stripe

- **Episode:** [473: Mac and Cheese](https://search.noagendashow.net/episode/473-mac-and-cheese.md)
- **Published:** 2012-12-27
- **Time:** 30:06–35:56
- **Transcript:** https://search.noagendashow.net/episode/473-mac-and-cheese/chapter/european-payment-systems-chip-and-pin-vs-magnetic-stripe.md

Adam Curry reports that many European retailers, particularly in the Netherlands, have stopped accepting American magnetic stripe credit cards in favor of "Pin" or Chip and PIN technology. He notes that some stores now refuse cash entirely, creating significant hurdles for American tourists whose banks have not yet adopted the digital chip standard.

Keywords: [credit cards](https://search.noagendashow.net/topic/credit-cards.md), [chip and pin](https://search.noagendashow.net/topic/chip-and-pin.md), magnetic stripe, [europe](https://search.noagendashow.net/topic/europe.md), [banking](https://search.noagendashow.net/topic/banking.md), [germany](https://search.noagendashow.net/topic/germany.md)

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