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Funny you mention PINs. We did finally get chipped cards in the US, but it’s “chip and signature” so we’re missing some of the security improvements. Harder to
by wlesieutre 7y ago
Funny you mention PINs. We did finally get chipped cards in the US, but it’s “chip and signature” so we’re missing some of the security improvements. Harder to skim at least?
Phone and watch based NFC will eventually displace that I think.
- robjan 7y agoI personally prefer Chip and Signature. We have the same system in Hong Kong where most cards have a Chip and PIN but most card readers will just ask for your signature anyway. It puts the burden on the merchant to check the signature instead of the cardholder to not have their PIN guessed/overseen. We also seem to have no limit on PayWave (contactless) transactions but for larger purchasers the merchant may ask for a signature over the "No Signature Required" slip anyway.
- mullingitover 7y ago> It puts the burden on the merchant to check the signature instead of the cardholder to not have their PIN guessed/overseen Maybe it's different in HK, but here in US and A I literally just make random scribbles (or sometimes just write "void" for kicks) and nothing is ever checked.
- robjan 7y agoWorks the same in HK but if you notice a suspicious transaction you can get it reversed when the signature doesn't match. If you use the PIN it's a lot harder to reverse.
- wlesieutre 7y agoAgreed with sibling comment, here in the US signatures are never checked. I've had chip cards for years and can't remember it happening once.