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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, @10:58AM (2 children)

    by Anonymous Coward on Monday January 15 2018, @10:58AM (#622524)

    Except, mister snowflake, they have cameras. So, if you are right there buying shit and then say it wasn't you, then trouble. But if vendor has no proof you were there (and especially if you report card stolen), then CC just charges them back.

  • (Score: 2) by The Mighty Buzzard on Monday January 15 2018, @12:56PM

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Monday January 15 2018, @12:56PM (#622547) Homepage Journal

    Your definition of "they" needs work. Not remotely every place you can use a credit card has cameras.

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  • (Score: 2) by DannyB on Monday January 15 2018, @05:20PM

    by DannyB (5839) Subscriber Badge on Monday January 15 2018, @05:20PM (#622624) Journal

    What happened when someone a few years ago lifted the chips from stolen high limit cards and 'retrofit' them onto lower limit stolen cards?

    They didn't use no steenkin' cameras!

    They subpoenaed the cell phone carriers for data to locate all phones in the vicinity of each fraudulent purchase, within a few minute time range of each purchase. Then they spot which single sail phone is in common to all of the fraudulent purchases. Then pay1 them a very nice visit.

    1but don't pay that visit with a credit card

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