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They're supposed to help you locate fraudulent transactions after your card is stolen. I guess that benefits the merchant because it makes you less likely to ma
by swiley 5y ago
They're supposed to help you locate fraudulent transactions after your card is stolen. I guess that benefits the merchant because it makes you less likely to mark legitimate transactions as fraudulent.
- modeless 5y agoNo, you can't see the signatures, so they don't help you locate fraudulent transactions. What they do is provide a defense for the merchant against you. If you try to say you didn't authorize the charge, then the merchant can produce the signature as proof that you did. The signature is never evidence that you weren't there. Even if it is someone else's name, that doesn't prove anything, so it never benefits you.
- derefr 5y agoIn a world where that was actually the goal, you'd presumably be able to see a little image of the signature used, beside each card-provided charge in on your credit card in your online banking portal.