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The question I ask is: do signatures reduce fraud? I don't have any data, but my expectation is that fraudsters are less likely to go for it if they have to si
by timdellinger 9y ago
The question I ask is: do signatures reduce fraud? I don't have any data, but my expectation is that fraudsters are less likely to go for it if they have to sign... i.e. the psychological barrier is more important than the obvious unenforceability of the signature as a bona fide.
Fraudsters = people trying to get free stuff, as well as merchants putting through bogus or altered transactions
- troydavis 9y agoBy the time they’d need to scrawl a line on a receipt, a thief has already stolen a credit card or purchased a number and printed/magnetized a card. A signature at checkout isn’t going to deter that person.
- Broken_Hippo 9y ago...but my expectation is that fraudsters are less likely to go for it if they have to sign. This won't work if they've worked retail and realized that most cashiers don't check (it isn't worth it) and that most folks scribble their signature so sloppily - or with a line - that it doesn't seem to make a difference anyway.