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Card issuer risk model heuristics will also apply different amounts of scrutiny based on transaction size and type. You could do a two dollar transaction just w
by sbierwagen 5y ago
Card issuer risk model heuristics will also apply different amounts of scrutiny based on transaction size and type. You could do a two dollar transaction just with card number, I wouldn't expect a twenty thousand dollar transaction to go through without the other fields.
- ineedasername 5y agoYes-- at my local suoermarket a small purchase will just go through, while a larger one (~$25 is the threshold) requires a signature.
- sofixa 5y agoA signature? I'm sorry, are you from the past? Joking aside, I don't see how a signature is of any use provides your card is supposed to have yours on the back, so anyone having your card has your signature too. PINs have been a thing since I've had a card (2011), and I don't see why anyone still relies on signatures for card authentication. The way things work in developed countries is the following - payments under 30,50,100 euros (depending on the country) are contactless where you just tap your card on top and it's done, and for more you have to insert the card and type your PIN. Or you can just use your phone for any amount by tapping it.
- SnowflakeOnIce 5y ago> A signature? I'm sorry, are you from the past? No, the US :) Signatures are still common enough when paying with a card in the US, for whatever reasons.
- cpursley 5y agoIt's not a joke, US payment systems are hot garbage (as are bank apps). Much if the rest of the world has been doing contactless payment for 5 years already.