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+--- Thread: Amex, Visa, no signature required (/showthread.php?tid=229709)
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Amex, Visa, no signature required - Mr645 - 06-22-2019
No more signatures because they use the app on your phone to determine that the owner is with his card.
Re: Amex, Visa, no signature required - mattkime - 06-22-2019
Probably more reliable than signatures.
Also provides hackers with a new attack vector.
Re: Amex, Visa, no signature required - NewtonMP2100 - 06-22-2019
....they announced it I think early this year.......
Re: Amex, Visa, no signature required - Speedy - 06-22-2019
I imagine requiring signatures is up to the retailer.
Re: Amex, Visa, no signature required - Fritz - 06-22-2019
https://www.nytimes.com/2019/06/15/us/politics/trump-cyber-russia-grid.html
Re: Amex, Visa, no signature required - modelamac - 06-22-2019
Fritz,
I'm missing the connection. How do credit card signatures relate to power grid control?
Fritz wrote:
https://www.nytimes.com/2019/06/15/us/politics/trump-cyber-russia-grid.html
Re: Amex, Visa, no signature required - Fritz - 06-22-2019
more the element of cyber security, but I guess I should have related it different.
and there's this:
https://www.ftportfolios.com/Retail/dp/dpsummary.aspx?fundid=13626
Re: Amex, Visa, no signature required - macphanatic - 06-22-2019
In Europe, they did away with signatures years ago. Everything is chip and pin. At restaurants, they bring a portable credit card machine to the table, so your card never leaves your sight.
I don't understand why we haven't done this in the US.
Re: Amex, Visa, no signature required - Speedy - 06-22-2019
macphanatic wrote:
In Europe, they did away with signatures years ago. Everything is chip and pin. At restaurants, they bring a portable credit card machine to the table, so your card never leaves your sight.
I don't understand why we haven't done this in the US.
In Canada it is the same. But as long as I’m not on the hook for theft using my card, I’m good.
Re: Amex, Visa, no signature required - RAMd®d - 06-22-2019
At restaurants, they bring a portable credit card machine to the table, so your card never leaves your sight.
With the new Apple Card, there's no need.
I'm loathe to play the America and Americans are Ugly and Suck card.
But we are waaayyyy behind in how we manage paying by card. Chip and PIN has been around for a long time, but not here.
I think PINs should be a part of credit card payment, not just debit cards, but no.
Or chip readers, or the software, sucked when they started rolling out. Processing the card took a long time compared to swiping. It did catch up after awhile.
And I have no idea how long NFC has been around outside of the US or how widespread it is now, compared to US.
Given the number of data breaches vendors have experienced, tokens via NFC should be welcomed by banks and anybody that has to deal with covering fraud.
I've only had two incidents where my card was somehow fraudulently used while in my possession. I've had two incidents of losing my card, though it wasn't used.
The Apple Card makes those non-incidents, with no runaround, even though my conventional cards are covered against loss.
I think the Card may do for plastic what the iPhone did for cellphones. I just wish it would happen sooner.