chip and signature , chip and pin demystified ,part 1

I found this explanation which should adequately explain the elusive differences between chip and signature and chip and pin : From the collective reports so far, we have begun seeing a better picture how US issued EMV Chip-and-Signature cards work outside the US: Live merchants Tester(s): kebosabi report, Aaron01 report Pro: No more hassle about wasting 5-10 minutes of your life trying to convey the "you have to take it" "but it's store policy" charade with a cashier who may or may not understand English with a backlog of irritated customers behind you. The less stress, the better. Con(?): Some are surprised it prints out a receipt to sign because they're not used to seeing machines spitting out a receipt to sign. Usually not a problem though. Automated kiosks - no authorization under X amount Tester(s): geohiller report, dyung report 1.You ed an amount that's within X amount where transactions don't need verification 2.The kiosk will read the EMV chip 3.Transaction goes through 4.No more need of trodding in shame to search of a live human to help you Automated kiosks - online authorization Tester(s): islandguy84 report, cvarming report 1.The kiosk will read the EMV chip and will ask you for your PIN 2.You enter your PIN normally used for cash advances at the ATM 3.The machine will connect with the server and verify that the PIN is correct 4.Transaction goes through and is posted as a purchase instead of a cash advance.
5.No more need of trodding in shame to search of a live human to help you contd.