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Credit Card Signatures Are About to Become Extinct in the U.S

nytimes.com

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Re: Credit Card Signatures Are About to Become Extinct in the U.S

#201

Post by ajdlinux »

rkeene2 wrote: post #22
pmorici wrote: post #9

Earlier quoted context omitted.

The kind of fraud prevented by a PIN enabled chip card is supposedly pretty rare. What would be more useful is a standard for browser attached chip card readers to bring the anti-fraud protections of a chip card to everyday Internet transactions.

This already exists. If EMV specified an X.509 certificate instead of a proprietary one, then we could be doing card-present transactions over the Internet right now thanks to TLS client certificates.

https://en.wikipedia.org/wiki/Secure_Electronic_Transaction was actually a thing once...

Re: Credit Card Signatures Are About to Become Extinct in the U.S

#202

Post by ag56 »

sitepodmatt wrote: post #184
toephu2 wrote: post #180

Earlier quoted context omitted.

Yes can we please get rid of tipping and pay waiters and staff what they should be earning? Build the price into the menu and let the market decide the price. Too expensive? You will lose customers. Too cheap? You will have lines out the door and you know you can increase prices. The rest of the world does not tip (Europe & Asia). Only in North America is this awkward tipping practice still a thing.

Tipping still happens in Europe and SE Asia it's just not silly like North America. In the UK we'd leave a few pounds typically, let's say table bill was 47gbp, you have be a shameless mingebag to collect the 3gbp change if you were happy with the meal and service. But we don't subscribe to the non sense of 10% tip if unhappy, 15-20% if happy, if crap you don't leave a tip or pay service charge.

Most places in the UK now have an "optional" service fee of 12% on the bill.

Re: Credit Card Signatures Are About to Become Extinct in the U.S

#203

Post by function_seven »

toephu2 wrote: post #177
Merad wrote: post #53

Earlier quoted context omitted.

For all intents your checking account is a locker full of money that’s unlocked for the taking. The check is nothing more than an archaic means of conveying your “locker number” to someone else’s bank. I highly recommend keeping your checking account balance as low as you can, and either disable overdraft protection on it or point the overdraft protection to a credit account. The other info on the check isn’t meaning…

Where do you put your non-investment money then?

In a savings or share* account. Checks can't be written against this as far as I know.

* A share account is what they call it at a credit union.

Re: Credit Card Signatures Are About to Become Extinct in the U.S

#204

Post by iosDrone »

The article doesn't mention how great this could be for reducing transmission of the common cold! I hate signatures, especially ones at a drugstore where every single person has to use the same digital pen.

Since Square is still requiring signatures though, we can add this to the endless list of things that Jack Dorsey is fucking up.

Re: Credit Card Signatures Are About to Become Extinct in the U.S

#205

Post by subway »

iosDrone wrote: post #204

The article doesn't mention how great this could be for reducing transmission of the common cold! I hate signatures, especially ones at a drugstore where every single person has to use the same digital pen. Since Square is still requiring signatures though, we can add this to the endless list of things that Jack Dorsey is fucking up.

So now everyone has to use the same pin pad? Then god forbid they each touch the same door handle on the way out.

Re: Credit Card Signatures Are About to Become Extinct in the U.S

#206

Post by rav »

gst wrote: post #136
coldcode wrote: post #67

I took my new chip enabled CC to Germany 3 yrs ago and paid for a train ticket with it. The clerk said "ugh an American card" and had me sign some random piece of paper. I felt like an antique.

Most European cards use Chip & PIN with pin preference: If the terminal supports it the card will ask for a chip instead of a signature. Chip-based signature transactions are only used as fallback if the terminal doesn't support pins (which is very uncommon). Unfortunately most US cards don't use a pin code at all. There are a few issuers that provide you with a pin code, but even in those cases there's typically a s…

> Those cards work great in Europe, but are sometimes a pain to use in the US. E.g., if you're paying at a restaurant and you have to go with the waiter to the terminal in some backroom, because the terminal asks for the pin.

Huh? I have a European card (chip & PIN, PIN preference), and at restaurants in the US I've always signed and never had to go to the terminal in some backroom.

Re: Credit Card Signatures Are About to Become Extinct in the U.S

#207

Post by lettergram »

otoburb wrote: post #25
lettergram wrote: post #14

Earlier quoted context omitted.

> From experience, a signature in the checkout line usually takes about 5-10 seconds. Removing it may seem like a small negligible change for users, but for retailers, it most likely adds up. Your right, can we also remove that stupid bag tax in SF. It easily takes 20 - 30 seconds per transaction. "Do you want a bag?" "Ugh, yeah I do" "Alright that's 50 cents" "wait, could I get three bags, not two - I don't want my…

I think the policy is working as designed. The grating, low-grade, annoying, time-wasting inconvenience is supposed to continue to irritate the purchaser until they decide to bring their own bags.

Its funny - I do bring bags, but often I get more than one or two items. Aka I'll often get more than planned, as I look for sales.

Regardless, and to the point the whole line is slowed down by this transaction. Meaning every time I went to the store I had to wait an extra few minutes for this.

Moving back to Illinois recently, I find it amazing that the lines most move at least 3× faster. Probably in part due to the more "let's get shit done" attitude of the Midwest, but also the lack of bag related questions.

I then come home with my paper bags and recycle them. It honestly seems like more harm to the environment the waste of time + the polyester bags we buy instead

Re: Credit Card Signatures Are About to Become Extinct in the U.S

#209

Post by zinckiwi »

jpm_sd wrote: post #7

Just this morning, my 5yr old daughter asked me "Daddy, why did you do just a scribble!?" in a scandalized tone of voice

I had to sign approval for a field trip for my daughter once. Her teacher returned it with her the next day because it needed to be "a real signature."

Re: Credit Card Signatures Are About to Become Extinct in the U.S

#210

Post by icebraining »

justinator wrote: post #178
combatentropy wrote: post #173

"Mikiah Westbrooks, the owner of Brix, a wine bar in Detroit, said she worried that skipping signatures will affect her workers' tips." May tips disappear next.

May a livable wage working an industry job happen right before.

For cheap restaurants, where servers are likely earning minimum wage, the tips are a gift to the employer, not to them, since the employer can discount the tips from the wage.

https://en.wikipedia.org/wiki/Tipped_wage_in_the_United_Stat...

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