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Tech & Science Visa will make signatures optional for chipped credit cards

12:20  13 january  2018
12:20  13 january  2018 Source:   engadget.com

Cosmo's bike helmet light will alert others when you fall

  Cosmo's bike helmet light will alert others when you fall Cycling can be dangerous, especially if you ride at night or in busy metropolitan areas. To help, a startup called Cosmo Connected is working on a smart light that clips onto the back of your helmet. Eight LEDs — four red, four yellow — are positioned in an oval shape. By default, they're set to an "always-on" position so that you're clearly visible in the dark. An accelerometer inside will know when you're braking, however, and warn fellow cyclists, drivers and pedestrians with a more intense light. © Cosmo Cosmo's bike light works with a companion app on your phone.

It's been about a month since American Express and Mastercard decided to stop requiring signatures for EMV chip credit cards . Now Visa is joining their ranks, making signatures optional for chipped transactions in North America.

Almost a month ago, the American and Mastercard had determined to halt the requirement of signatures for EMV chip credit cards . For now, Visa has decided to join their rankings delivering signatures as an optional option for chipped signatures in North America.

  Visa will make signatures optional for chipped credit cards © Provided by Engadget

It's been about a month since American Express and Mastercard decided to stop requiring signatures for EMV chip credit cards. Now Visa is joining their ranks, making signatures optional for chipped transactions in North America.

"Visa is committed to delivering secure, fast and convenient payments at the point of sale," said VIsa's Dan Sanford in a statement. "Our focus is on continually evolving the market towards dynamic authentication methods such as EMV chip, as well as investing in emerging capabilities that leverage advanced analytics and biometrics. We believe making the signature requirement optional for EMV chip-enabled merchants is the responsible next step to enhance security and convenience at the point of sale."

Contact and contactless chip-enabled points of sale are taking over, of course, for their enhanced security and convenience for retail transactions. Visa notes that it has deployed more than 460 million EMV chip cards and readers at over 2.5 million locations.

Visa

OnePlus hacked as customers are warned of a serious breach .
Card numbers, expiry dates and security codes have been nabbed from OnePlus.netIt’s unclear exactly when this attack took place and for how long OnePlus has been sitting on the information, but it told customers that it “launched an urgent investigation,” as soon as it was made aware of the attack. It also “suspended credit card payments” and has “been working with a cybersecurity firm to reinforce [its] systems”.

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