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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: 2) by number11 on Monday January 15 2018, @06:56PM (1 child)

    by number11 (1170) Subscriber Badge on Monday January 15 2018, @06:56PM (#622663)

    Some retail, like WalMart, actually asks for photo ID to go with the card

    Not the WalMart I was in last week. Nor a sig. But my bill might have been below the floor limit.

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  • (Score: 0) by Anonymous Coward on Monday January 15 2018, @09:32PM

    by Anonymous Coward on Monday January 15 2018, @09:32PM (#622752)

    I just had the occasion to go shopping in a midwestern Walmart for a close friend using his credit card: an authorized user that no one but the cardholder knew about, over $100, no signature and no photo ID.