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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 JoeMerchant on Monday January 15 2018, @07:26PM (2 children)
US paper money is also some of the easiest in the world to counterfeit... I'm wondering if any vested interests are actively keeping it that way...
🌻🌻 [google.com]
(Score: 0) by Anonymous Coward on Monday January 15 2018, @08:51PM
Just all the signs that the US hasn't been a functioning democracy or free market capitalism in 40 years.
(Score: 2) by hendrikboom on Monday January 15 2018, @10:11PM
I've heard that there are billions of dollars in US paper currency around the world, much of it representing the secret life savings of relatively poor people in countries with autocratic governments and currency restrictions. They can spend their money on black markets, but changing an entire life's savings from an old currency to a new one is dangerous. Too easy to get caught by authorities.
This makes it difficult to invalidate old forms of currency without causing harm.