The US has no intention of going with Chip and Pin due to the many systems in place in the USA.
Though they have talked about using a new Magnetic Stripe that is water marked which is also hard to copy, there is many other new forms of cards out side o chip and pin none on the surface make like easy. I would think some one will Crack the Chip it is only a matter if time, by crack i mean in a way we can copy it and use it.
In Canada they are doing the exact opposite in where they are making a debit card that can be used online like a credit card and without any pin in a store...LOL
Translate for your language or try google something like:
"clonando cartoes chip" and put to search sites from brazil...
than translate the sites...
I think have some russians/europeans who already cracked it, but it's 'closed' for the elites... in some time everybody will 'touch' this new technology...
Not only it is done, but there's a method to extract the pin from the original emv chip. Don't PM me to reveal it, because i don't know the details too.
BRAzil bank have bad algorytm on chip thats all .
remember The Yes card before ( just an algo who say yes , yes ... )
Nothing are impossible . JUST NEED find good way .