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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/
(Score: 4, Informative) by aclarke on Monday January 15 2018, @01:36PM (2 children)
Not "the Americas". We've used chip and PIN in Canada for a long time. I can't remember the last time I was asked to sign a credit card purchase. Going to the US and using my credit card makes me feel like I'm going a couple decades back in time.
The statements attached to this article from the credit card confuse me for this reason. Maybe they're not longer requiring signatures for chip purchases, but then again in Canada it's always chip+PIN. Plus of course contactless for amounts $100 which require neither a PIN nor a signature.
(Score: 2, Interesting) by aclarke on Monday January 15 2018, @01:39PM (1 child)
Oops, I read "too confusing for the Americans" as "too confusing for the Americas". I also think that Americans are very suspicious of and resistant to any sort of change, which leaves them stuck with antiquated ideas like magnetic stripe credit cards, health insurance for basic needs, dollar bills, etc.
(Score: 0) by Anonymous Coward on Tuesday January 16 2018, @12:17AM
I'm guessing your thought process went like this:
1. Read the phrase "Too confusing for Americans"
2. Hey Canada is in America!!
3. Eh
4. Must take jab at poster for not properly referring to people in the "USA" as "USians" or "the US population".
5. Hit Submit
6. Wait a sec, I'm Canadian? Did I just logically imply I'm an American?
7. Holy shit! I wear clothing embossed with giant maple leafs when I travel overseas, and damned anyone that refers to me as "American" instead of Canadian.
8. To save face I must mentally redefine "America" as "A subset of the Americas, and not in and of itself all of North and South America"
9. Submit correction post attributed to confusion between "America" and "The Americas"