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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: 3, Insightful) by DannyB on Monday January 15 2018, @05:01PM (8 children)
1. Having multiple credit cards and using them frequently doesn't mean that you actually have any debt. Just keep all those cards paid down to zero. Never use the card unless you were prepared to write a check for it as soon as you get home and pay off the card online. Get all of the huge rewards of using CC's but never get into debt. If you are going to purchase something expensive, then save up for it, like sensible people do. Then buy it on a CC and pay off the CC that same day.
2. Don't flinch at calling Americans dumb. Look who we have as president. I'm sure that remembering more than one pin is simply too confusing for most non geeks watching reality tv trailer park shows. (true, even if inciteful or informative) Please be careful about inviting the orange jackass to visit europe.
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(Score: 2) by bob_super on Monday January 15 2018, @05:08PM (3 children)
I'm not sure your 1. is compatible with your 2., which is kind of the point for credit card companies. :)
(Score: 2) by DannyB on Monday January 15 2018, @05:37PM (2 children)
I have done the 1 for years. But I didn't vote for the 2. So maybe they are mutually exclusive.
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(Score: 2) by bob_super on Monday January 15 2018, @05:54PM (1 child)
There's a billions-of-dollar industry based on 2.
We the members of the 1. club are a minority.
(Score: 2) by DannyB on Monday January 15 2018, @09:47PM
You must be disciplined to treat a CC as if it were a debit card. Sadly, that probably is a minority.
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(Score: 2) by frojack on Monday January 15 2018, @05:40PM (3 children)
3. Clown who has never heard of a debit card presumes to lecture others on how to run their country.
No, you are mistaken. I've always had this sig.
(Score: 2) by DannyB on Monday January 15 2018, @05:44PM (2 children)
Debit cards don't pay you for using them. Airline points. Disney dollars. Amazon dollars. Cruise ship dollars.
But be sure you use a CC as if it were a debit card.
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(Score: 2) by etherscythe on Monday January 15 2018, @08:29PM (1 child)
They also don't have the consumer protections that a credit card does. Woe to thee whose debit card number is stolen and on which big charges are piled up.
"Fake News: anything reported outside of my own personally chosen echo chamber"
(Score: 2) by DannyB on Monday January 15 2018, @09:45PM
I would also point out that Credit Cards have a dispute process for dealing with bad merchants or bad products. We've never had to use this, but it's nice to know it is there. The reason for this is that the CC companies DON'T WANT bad merchants in their payment network. Sometimes CCs also offer other protections.
I once used Debit Cards what seems like a lifetime ago when I was young and didn't know better. But CCs are the way to go -- as long as you NEVER borrow money with them. If you don't have the discipline to do this, then stick with debit cards. That's probably why they exist.
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