Chip and No Signature: What’s Behind the Move?

Although all the major credit card brands have dropped the requirement for obtaining signatures to verify point-of-sale transactions made with EMV chip cards, they’re not pushing strongly for using PINs instead, leaving that authentication decision to card issuers, says Linda Kirkpatrick of Mastercard. “Our rubric for fraud and the EMV liability shift does provide protection to the entity that has the highest form of authentication, and PIN is part of that rubric,”

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