SoylentNews is people
SoylentNews
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, @05:57AM (5 children)
Gas stations have never asked for signatures at the pump... I don't think it's the signature so much as the lack of human interaction that emboldens card thieves and forgers to make gas stations one of the highest fraud venues for credit cards.
Some retail, like WalMart, actually asks for photo ID to go with the card, and I think that's a good thing.
Україна досі не є частиною Росії Слава Україні🌻 https://news.stanford.edu/2023/02/17/will-russia-ukraine-war-end
(Score: 2) by takyon on Monday January 15 2018, @06:27AM (2 children)
Hmm, I could have sworn that Walmart did no such thing. I don't remember signatures or photo ID being checked (for chipped credit cards). It has been a while since I went there though.
Wal-Mart exec: Credit card upgrade a 'joke' [cnn.com]
Everything about the rollout has seemed haphazard to me.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2) by JoeMerchant on Monday January 15 2018, @01:45PM
I think Wal-Mart is pretty haphazard in their implementation of corporate policies.
I don't go there often, but I have been since they put in the chip readers, and at that time, at that store, they asked for drivers' license.
Україна досі не є частиною Росії Слава Україні🌻 https://news.stanford.edu/2023/02/17/will-russia-ukraine-war-end
(Score: 0) by Anonymous Coward on Wednesday January 17 2018, @03:31PM
Big stores check for ID in black areas.
(Score: 2) by number11 on Monday January 15 2018, @06:56PM (1 child)
Not the WalMart I was in last week. Nor a sig. But my bill might have been below the floor limit.
(Score: 0) by Anonymous Coward on Monday January 15 2018, @09:32PM
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.