Why not kill two birds with one chip? We could stop most online fraud by using the very same chip technology in EMV that kills off skimming and carding. It is technically simple to reproduce the familiar card-present user experience in a standard computer. It would just take the will of the financial services industry to make payments by smartcard standard. Smartcard readers used to be the main barrier to take-up problem but with contactless cards, that old problem goes away. The Dell E series Latitudes have contactless card readers as standard (aimed at the US PIV market). Most mobile devices now feature NFC for device-to-device interconnect, until now mostly used to emulate a payment card. But NFC tablets and smartphones can switch into *reader* emulation mode, to act as a smartcard terminal. THat is. most computers could authenticate users via contactless smartcard, including authorizing CNP payments. Using a smart payment card with a computer could be - and should be - as easy as using Paywave or Paypass. As an alternative, the SIM or other Secure Element of most mobile devices could be used to digitally sign card transactions directly, in place of the card. That’s essentially how NFC payment apps works for Card Present transactions – but nobody has yet made the leap to use smart phone hardware security for Card Not Present.