Link: October 2015: The End of the Swipe-and-Sign Credit Card – Corporate Intelligence – WSJ

October 2015: The End of the Swipe-and-Sign Credit Card – Corporate Intelligence – WSJ

It’s a payment ritual as familiar as handing over a $20 bill, and it’s soon to go extinct: prepare to say farewell to the swipe-and-sign of a credit card transaction. Beginning later next year, you will stop signing those credit card receipts. Instead, you will insert your card into a slot and enter a PIN number, just like people do in much of the rest of the world. The U.S. is the last major market to still use the old-fashioned signature system, and it’s a big reason why almost half the world’s credit card fraud happens in America, despite the country being home to about a quarter of all credit card transactions.
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