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, @05:44PM (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.
The lower I set my standards the more accomplishments I have.
(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.
The lower I set my standards the more accomplishments I have.