Originally Posted by
dulciusexasperis
So what you are telling me if I understand it, is that anyone can insert your card into the card reader and it will approve the transaction? That means, if you drop your card and I pick it up, I get a free shopping spree until you notice you don't have it and get the card issuer to cancel that card.
Yep, but it is not any different compared to before. No system verified the signature, you can draw or sign anything you want, and the card went through every time just fine. With or without the signature is the same lol. And I have disputed many transactions with the card issuers, and they don't seem to care the signature either. Pin is a much safer security measure.