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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 bob_super on Monday January 15 2018, @05:08PM (3 children)

    by bob_super (1357) on Monday January 15 2018, @05:08PM (#622619)

    I'm not sure your 1. is compatible with your 2., which is kind of the point for credit card companies. :)

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  • (Score: 2) by DannyB on Monday January 15 2018, @05:37PM (2 children)

    by DannyB (5839) Subscriber Badge on Monday January 15 2018, @05:37PM (#622632) Journal

    I have done the 1 for years. But I didn't vote for the 2. So maybe they are mutually exclusive.

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    • (Score: 2) by bob_super on Monday January 15 2018, @05:54PM (1 child)

      by bob_super (1357) on Monday January 15 2018, @05:54PM (#622644)

      There's a billions-of-dollar industry based on 2.
      We the members of the 1. club are a minority.

      • (Score: 2) by DannyB on Monday January 15 2018, @09:47PM

        by DannyB (5839) Subscriber Badge on Monday January 15 2018, @09:47PM (#622761) Journal

        You must be disciplined to treat a CC as if it were a debit card. Sadly, that probably is a minority.

        --
        Young people won't believe you if you say you used to get Netflix by US Postal Mail.