There is a big push and most card issuers are busy replacing cards with chip & signature cards. You are correct that the liability is not transferred if the card does not have the chip stuff. As an aside, my CITI chip card, when I swipe it at Walmart, tells me I have to insert it. So there is something either being detected through some sort of NFC stuff(?) or encoded in the magnetic stripe to let the terminal know it has a chip.
8/13/15 at 3:04pm