Originally Posted by
Redheadpeter
I agree, even with Chip & Pin cards get compromised. But at least you have the protection of someone having to do the compromising to get your PIN, in the old days how many stores/restaurants etc actually compared the signature on the slip with the one on the card? Not many in my experience. So no compromising required - just a lost/stolen card.
Even today in the US, where old-fashioned signatures are still the standard, very few businesses attempt to match the signature to the one on the card or ask for picture ID. One pizza shop near my house does as a matter of store policy, but that's it. I feel well protected that a thief who boosts my card will get shut down attempting to charge $8 for a couple of slices and a soda, but will get away with widescreen TVs and airline tickets because there are NO point-of-sale checks there.
