Stacy Cowley, New York Times:
Credit card networks are finally ready to concede what has been obvious to shoppers and merchants for years: Signatures are not a useful way to prove someone’s identity. Later this month, four of the largest networks — American Express, Discover, Mastercard and Visa — will stop requiring them to complete card transactions.
Long outdated tech. Ridiculous that signature checking is still part of the system. Baffling that chip-embedded cards have only recently become a standard in the US.
Would love to see wider adoption of Apple Pay so we can get rid of the security risks that come with those pieces of plastic altogether.