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Visa Will Make Signatures Optional for Chipped Credit Cards

posted by janrinok on Monday January 15 2018, @04:55AM   Printer-friendly
from the do-people-still-sign? dept.

Fnord666 writes:

It's been about a month since American Express and Mastercard decided to stop requiring signatures for EMV chip credit cards. Now Visa is joining their ranks, making signatures optional for chipped transactions in North America.

"Visa is committed to delivering secure, fast and convenient payments at the point of sale," said VIsa's Dan Sanford in a statement. "Our focus is on continually evolving the market towards dynamic authentication methods such as EMV chip, as well as investing in emerging capabilities that leverage advanced analytics and biometrics. We believe making the signature requirement optional for EMV chip-enabled merchants is the responsible next step to enhance security and convenience at the point of sale."

Source: https://www.engadget.com/2018/01/12/visa-signatures-optional-credit-cards-emv/

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  • (Score: 0) by Anonymous Coward on Monday January 15 2018, @05:59AM (1 child)

    by Anonymous Coward on Monday January 15 2018, @05:59AM (#622446)

    Who knew Jack chick would be right, we truly do live in the fucking end times, next up payment by any method but your cell phone forbidden

  • (Score: 2) by DannyB on Monday January 15 2018, @05:32PM

    by DannyB (5839) Subscriber Badge on Monday January 15 2018, @05:32PM (#622629) Journal

    Jack Chick didn't know about RFID chips.

    But forget RFID chips.

    Imagine that you could get a nice personal PDA and payment device "tattooed" to your skin. At least it looks that way. But it is on the surface and wears off after about a month. It's handier than a phone. You can't lose1 it. It may not have all your apps, but it has more than enough to be useful.

    You have to pay every month to get a new one re-applied to the skin of the back of your hand. But some people can't afford these handy dandy new universal payment devices. So, they can get one for free by agreeing to also have another one applied on their forehead. The forehead one has no function other than to be a color animated advertising banner. Millennials will compete for which cool brands appear on their forehead. Heaven2 forbid they would be seen with a Microsoft ad paying for the other device applied on their hand for the daily necessities of life.

    1or as most people prefer: loose it

    2or the other place

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