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Is it possible for mastercard to infom all its card holders and merchants that accept mastercard, ... |
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Date:
February 21, 2007, 6:17 am |
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Is it possible for mastercard to infom all its card holders and merchants that accept mastercard, and let them know that ALL Credit cards must be signed and that they are not valid unless signed? Maybe this way as card holders, merchants will stop asking to see id when the card is signed, and customers can understand that they must sign their card in order to use their card. There is no global consistancy and the US seems to be the only place that can make up their own rules reguardless of what the policy is.Thank you for your time.
-Kimberly Wolf
1200 Creekside Dr. #2132
Folsom, CA 95630 |
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Answer:
As you know signatures can be easily copied and false identification can be created. That's why credit card issuers including MasterCard, decided to use a credit card fraud prevention technology. Today, credit cards contain a 'CID' code, a security feature for credit-card transactions that gives protection against credit-card fraud. The CID should not be confused with the standard credit-card number appearing in embossed digits. It is a 3 or 4 digit number that is transmitted to the credit-card company during the electronic authorization process and validated by the issuing bank.
Due to the added security that CID offers, stores are no longer required to verify the customer's signature on the back of the card. In the long run, more customers will be protected by the new security features incorporated into credit cards than by signature checks. |
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