Do US ATMs need magnetic stripes?
German banks (credit unions) are starting to issue ATM cards that have only a chip, no magnetic stripes (German language news article).
Can such a card currently (May 2014) be used in US ATM machines and points of sale, considering that chip and pin is still uncommon in the USA?
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US ATMs and POS require magnetic strip, chip-and-pin only cards will not work almost anywhere in the US. This is starting to change, especially after the Target fiasco, but we're not there yet.
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