Originally Posted by
Points Scrounger
I suspect the American issuers consider limitless signature waiver from April forward as leapfrogging ahead of Chip + PIN; whatever fraud costs they end up absorbing would be preferable to PIN issues in a country where multiple cards is common.
I'm more concerned whether Visa/MC have any plans (or ability) to roll it out globally, or essentially feel American tourists can just keep living with signing for everything on tiny slips?
It's not really leapfrogging but more an acknowledgement that signature does nothing for security. The bet is that it will never be necessary for the US to transition to PIN due to other technologies taking hold (e.g. mobile wallets).