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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: 2) by DannyB on Monday January 15 2018, @05:20PM
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
The lower I set my standards the more accomplishments I have.