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Testing the Limits of Credit Card Signatures (Part 1)

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Re: Testing the Limits of Credit Card Signatures (Part 1)

#4
Anything under $25 no longer requires a signature anyways. I suspect that number will just keep getting larger.

All my credit cards are disabled the instant I take them out of my normal buying pattern, and even RedBox makes me enter my zipcode to rent a $1. movie on the CC, so there are clearly more effective mechanisms to preventing fraud than signature verification.

Re: Testing the Limits of Credit Card Signatures (Part 1)

#5
Signature is only required when a compliance process has begun. So, for example, when you check your transactions and see one that you can't recognize then you call your bank and object that trx. In that moment the bank ask for the physical documents and may check your signature, but it depends on the rules of your card operator (Visa, MasterCard, Amex).

Re: Testing the Limits of Credit Card Signatures (Part 1)

#8
Just the other day I went out and bought gas at a gas station for my friend's bike, with his credit card and his cell phone in my pocket. (He got his licence the next day)

The scanner didn't work so I had to go to the counter, and had to fake a signature. Nobody even batted an eye. It was exhilarating, and unnerving at the same time...

Maybe I should just chalk it up to my mind-busting ability to play it cool?

Re: Testing the Limits of Credit Card Signatures (Part 1)

#10
Most cashiers hand my card back to me with the receipt to sign, and can't verify my signature. But many stores are now switching to using a PIN with chip cards, at least here in Canada. And Europe's had chip cards forever now. In fact, some places there no longer even have machines to read a magnetic stripe.
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