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

12:20  13 january  2018
12:20  13 january  2018 Source:   Engadget

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View. Image credit : shutterstock. Save. VIsa will make signatures optional for chipped credit cards . Starting in April of this year, you won't have to sign for EMV transactions.

Visa . ® Signature Rewards Plus & Signature Cash Back Benefits*. • Added Security with New EMV Chip Technology for authenticating credit card transactions when used at chip -enabled terminals. In addition to payments via the mail and online, credit card payments can also be made at any VyStar

  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.


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