I imagine that the signature was originally for non-repudiation: If you go
to a store and say "hey I didn't buy that", and they say "well, here's a
receipt with your signature on it", that makes it a lot harder for you to
prove that you didn't.
Does anyone who's worked in the payment processing industry have a sense
of how often the presence of a signature is actually used to prove (or
disprove) anything? I'd sort of assumed that these days it's just security
theater.
-Josh ([email protected])
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