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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

#411

Post by paul7986 »

astura wrote: post #355
paul7986 wrote: post #43

Earlier quoted context omitted.

Use Apple Pay or Android Pay ... you see the charge right on your home screen and view your transactions whenever. The receipt needs and will go the way of the dodo bird, credit card signatures and etc...

Can I submit that with my expense report to get reimbursed for my business expenses?

Sure and in time you will be able to.

It's going to take time for payments to all go digital but they will. Whipping out your phone and swiping it and then your done is way quicker and easier then the current payment UX we are doing now.

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

#412

Post by dreamcompiler »

criddell wrote: post #315
jimnotgym wrote: post #240

In the UK cards moved to 'chip and pin' in 2006! Fraud in a 'customer present' scenario is very low at our stores. The last fraud in fact was a foreign card that didn't support chip and pin. I can't believe Visa and MasterCard have not made it mandatory world wide... ...except card fraud lossed are recharged to the merchant so perhaps they don't care? Out of interest there is a special exception for disabled people w…

I'm visiting London this summer (I'm from Texas). Normally, I pay for everything with American Express. Would you recommend I get a different card for London? I wonder if there's a US card that support chip and pin?

Get an ATM card and take cash out of a machine when you get to London. Seriously, this works well, you get a fair exchange rate, and most places still take cash.

But it is easier to use plastic in the Tube, as others have said.

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

#413

Post by SketchySeaBeast »

criddell wrote: post #368
jimnotgym wrote: post #240

In the UK cards moved to 'chip and pin' in 2006! Fraud in a 'customer present' scenario is very low at our stores. The last fraud in fact was a foreign card that didn't support chip and pin. I can't believe Visa and MasterCard have not made it mandatory world wide... ...except card fraud lossed are recharged to the merchant so perhaps they don't care? Out of interest there is a special exception for disabled people w…

I was just looking for a chip-and-pin card that I (as an American) could get for traveling to the UK and apparently there really isn't much out there. I think all of the US cards that support chip and pin prioritize signature over pin. I also found this Visa page explaining that PIN isn't used in the US because it's too expensive: https://usa.visa.com/visa-everywhere/security/the-cost-of-pi...

I recently traveled to the states from Canada and was amazed at the number of places that didn't even have the infrastructure for chip & pin - I was at a popular tourist spot and it was all iPads & Square Readers.

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

#414

Post by notoverthere »

cup-of-tea wrote: post #387
jimnotgym wrote: post #240

In the UK cards moved to 'chip and pin' in 2006! Fraud in a 'customer present' scenario is very low at our stores. The last fraud in fact was a foreign card that didn't support chip and pin. I can't believe Visa and MasterCard have not made it mandatory world wide... ...except card fraud lossed are recharged to the merchant so perhaps they don't care? Out of interest there is a special exception for disabled people w…

I rarely use chip and pin any more. Contactless is everywhere. The UK is the most advanced in this regard, though.

Is the UK most advanced? In Australia they can pay for anything up to $100 with tap. Over $100, they can still tap, but then need to enter their PIN into the terminal (i.e. no need to insert the card for PIN entry – a tap is sufficient). We don't have that in the UK.

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

#415

Post by grkvlt »

beedogs wrote: post #148
sleet wrote: post #42

Earlier quoted context omitted.

It amazes me that cheques are still used. I'm 36 and I've never issued a cheque, I think I was issued a cheque book with my first account but never used it.

The American banking system is still basically at the level of the horse and buggy. Inter-bank transfers are next to impossible. Here in Australia, I can just give out my bank account number freely -- the worst you can do to me with that information is send me money.

I _think_ you could set up a direct debit, for example: http://news.bbc.co.uk/1/hi/entertainment/7174760.stm although this was almost ten years ago, i think the protections are still the same.

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

#416

Post by stevesimmons »

bantunes wrote: post #313
Jolter wrote: post #287

I found it odd that Mastercard would say "[...] it has been wanting to make the change for years, but held off until cards embedded with computer chips became common." Whose responsibility is it to make those cards more common, if not Mastercard's? In Sweden, cards have only been issued with chips since the early 2000s, and consequently merchants only very rarely use signature purchases. Why they didn't push this soo…

It might be that non-chip CCs had long expiry dates and only now they're being replaced?

This is not a new situation...

I was involved with Australia's chip-and-pin switch in 2006. At the time, we were amazed how slow USA was getting rid of magstripe cards and signatures. And that was 12 years ago...

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

#417

Post by wl »

tssva wrote: post #377
gambiting wrote: post #365

Earlier quoted context omitted.

And what am I supposed to do about it? My point is - in US not tipping felt like being an absolute asshole, to a point where people would be upset - they grew up in a culture that values money above all else and not being tipped is I don't know, an equivalent of being spat in the face? In UK I've never felt that way. I've had perfectly good meals that I didn't tip on, just like I did in France, Spain or Germany and i…

The reaction in the US isn't based upon some cultural obsession with money. Wait staff in the US is paid differently than in other countries. Wait staff in the US is largely paid the minimum hourly rate for tipped employees which is $2.13 an hour. It is expected that the majority of their income will be earned through tips.

There are many states where tipped employees earn the same minimum wage as non-tipped employees. The social expectation remains the same in those places.

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

#418

Post by kstrauser »

letsgetphysITal wrote: post #407
tetrep wrote: post #391

I've been drawing a horizontal line, sometimes with a slight arch, for years now. I almost never get a reaction and when I do, it is at most a laugh or giggle. Nobody cares (not that they should). Anything I scrawl is (more or less), by fiat, my signature . I'm glad we can finally stop wasting time (and resources, for physical signatures). This is especially fun with e-signatures in California: “Electronic signature”…

I write "Check I.D.". Merchants have typically been good at asking for some, especially the older ones. Teens and trainees tend to mumble and just process it anyway. The thought process is that my UK drivers license has my picture, full name, and signature. The merchant looks at the ID and sees my photo next to my name, checks it with the name on the card to see if they match, then checks the signature against that o…

One problem with this is that your credit card isn't technically valid unless it's signed with your actual signature. Piss off the wrong clerk who's having a bad day, and it would be completely within their right to deny the sale (or car or hotel rental).

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

#419

Post by Sean1708 »

bigger_cheese wrote: post #105
vaughanb wrote: post #46

Earlier quoted context omitted.

> ... chip in Unintentional pun. The US public seems to have a huge reluctance to use the chips in the cards too. It's swipe and sign. (I'm also from Australia and signing for a credit card purchase went away decades ago. PayWave is really popular, my 89 yo mother loves it.)

Also Australian used to using Paywave. I traveled through Europe in January. My card was accepted without issue in most countries. There were a few countries like Greece where I need to use Pin. Outlier was in the UK where I had to sign and show photo id, which I found strange.

> Outlier was in the UK where I had to sign and show photo id

How long ago was this? Signatures haven't been a thing here for well over a decade. Also is Paywave just contactless? Because we've also had contactless for a fair while.

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

#420

Post by tialaramex »

rsync wrote: post #367
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.

"The clerk said "ugh an American card" and had me sign some random piece of paper. I felt like an antique." Don't feel so bad - remember that we invented the credit card . Also the phone . And the Internet .

These are mostly examples of inventions like the television that were not in practice some "out of the blue" discovery but instead a product of lots of small innovations at the same time. If the person who is usually acknowledged as "inventor" of these things had instead done something else they would anyway have come into use at about the same time but in a slightly different form and with some different person as inventor.

For your example of "the Internet" that's true only if you squint and choose TCP/IP as "the Internet". But if you take a step back the Network is a more or less an inevitability, I would insist on dating _that_ to at least the Treaty of Bern (1874) and perhaps earlier. Of course Bern moves actual paper letters, rather than just bits, but the central idea is there - the network effect, we must communicate with absolutely everybody, if we let national sovereignty get in the way of that we lose out.

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