After reading the latest news about Mastercard planning to stop working with 3rd party processors. I began to wonder when the credit card companies plan to push their smart cards more than they already have. I don't think its possible to make a chargeback when using a smartcard, because its a cash transaction, not a credit transaction. Also, much of the population doesn't have a credit card because they don't qualify for one, so they can never sign-up for pay sites, but everyone would qualify for a smart card. So, I can see some real benefits for adult sites if smart cards were more common.
Mastercard has
Mondex
Visa has the
Smart Visa Card
What do you guys think?