No. of Recommendations: 3

You wrote, What they use overseas is beyond RFID chips. American banks have made the business decision to not adopt a more secure technology but to just clean up after card and identity theft, fraud and abuse.

- You assume American banks have a clue as to what it would take or what it would cost to try to solve the problem.
- You assume they'd pay to hire the talent that could educate them.
- You also assume (most of) their management could understand what they were told.
- You assume they care to do more than they are required to by law when doing so involves spending money with no clear understanding of what it will save the bank - or how it might positively impact that manager's (or CEO's) bonus.

- Joel
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