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Where is the risk? If you use your regular debit card at a terminal location, like a gas pump, in which a thief has installed a skimmer and a videocamera to record your PIN number, you will not get your money back.
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Of course I will. I have. I speak from personal experience. That is the purpose of the insurance that the banks and processing companies provide.
The "insurance" you speak of does not exist.
The only thing credit card companies and banks offer is chargeback protection.
It can only be used in the event of:
1. Straight card theft.
But not when PIN number is used! Banks will NEVER give you money back when your correct PIN is used. 2. Non-receipt of goods. For mail orders, delivery of goods.
3. Broken or non-working items. If you buy something and it stops working. Time limit on this.
b. Overcharging
You aren't paying attention.
Of course I will. I have. I speak from personal experience.
I give up.
If you want to create such a device, go ahead.
If you want to use such a device, go ahead.
I'm sure you will find others who think the way you do.
The effort will succeed or fail on its own merits. (I'd be betting on fail).