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Following Other Credit Cards, Visa Will Also Stop Requiring Signatures (siliconbeat.com)
An anonymous reader quotes SiliconBeat:
Visa, the largest U.S. credit card issuer, became the last of the major credit card companies to announce its plan to make signatures optional... Visa joined American Express, Discover, and Mastercard in the phase-out. Mastercard was the first one to announce the move in October, and American Express and Discover followed suit in December... However, this change does not apply to every credit card in circulation; older credit cards without EMV chips will still require signatures for authentication... Since 2011, Visa has deployed more than 460 million EMV chip cards and EMV chip-enabled readers at more than 2.5 million locations.
"Businesses that accepted EMV cards reported a 66 percent decline in fraud in the first two years of EMV deployment," the article notes -- suggesting a future where fewer shoppers are signing their receipts.
"In Canada, Australia and most of Europe, credit cards have long abandoned the signature for the EMV chip and a PIN to authenticate the transaction, like one does with a debit card."
"Businesses that accepted EMV cards reported a 66 percent decline in fraud in the first two years of EMV deployment," the article notes -- suggesting a future where fewer shoppers are signing their receipts.
"In Canada, Australia and most of Europe, credit cards have long abandoned the signature for the EMV chip and a PIN to authenticate the transaction, like one does with a debit card."
If you use an American credit card in Europe you still sign (most U.S. cards). The card issuers decide the priority of authentication methods, i.e. signature vs PIN (which has sub-variants), and the vast majority of U.S. card issuers go with signature verification as the first priority. Europe has PIN as the first priority.
Paying with a credit card at supermarkets in Europe is a great way to stand out as an American, as you hold up the checkout line that extra 10 seconds
www.gaiageek.com
Nobody, absolutely nobody, looks at the signature for anything. You can sign anything you want.
Many, many years ago, a friend asked me to buy something for him using his credit card, while he was at work. I signed the paper receipt "Eddie Van Halen". The cashier didn't look at or even care about the signature.
For the record, I am NOT Eddie Van Halen (had to be said).
It must have been something you assimilated. . . .