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Technology Visa will make signatures optional for chipped credit cards

08:21  14 january  2018
08:21  14 january  2018 Source:   engadget.com

Cosmo's bike helmet light will alert others when you fall

  Cosmo's bike helmet light will alert others when you fall Cycling can be dangerous, especially if you ride at night or in busy metropolitan areas. To help, a startup called Cosmo Connected is working on a smart light that clips onto the back of your helmet. Eight LEDs — four red, four yellow — are positioned in an oval shape. By default, they're set to an "always-on" position so that you're clearly visible in the dark. An accelerometer inside will know when you're braking, however, and warn fellow cyclists, drivers and pedestrians with a more intense light. © Cosmo Cosmo's bike light works with a companion app on your phone.

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." Visa notes that it has deployed more than 460 million EMV chip cards and readers at over 2.5 million locations.

We believe making the signature requirement optional for EMV chip -enabled merchants is the responsible next step to enhance security and convenience at the Visa stated that it has deployed more than 460 million EMV chip cards and readers at more than 2.5 million locations around the world.

  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.

Visa

No cash? Paris church basket now taking bank cards .
The passing around of collection baskets at Catholic mass usually leads to a collective digging through pockets and purses for loose change or small bills -- but a Paris church is testing a high-tech alternative. Starting Sunday, worshippers at Saint-François de Molitor church in the city's 16th Arrondissement can use their debit or credit cards to donate using baskets equipped with contactless payment terminals."The premise is simple: An entire generation is using bills and coins less and less," the diocese of Paris said in a statement.

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