Ted, I'm talking about credit cards, not debit cards. What point are you trying to make about signatures on credit cards? As for signatures on cheques, it was the responsibility of the paying Bank to verify the signatures. The person giving value was required to verify that the person with the cheque had bona fide entitlement to present it. This is different to a credit card where the merchant verifies the signature.
I'm not sure what this has to do with internet purchases. Most - not all - web sites I use require the CVS number, name on the card, and address in order to verify the transaction. It's not a signature, but it falls in the category of "things you know." Ron > -----Original Message----- > From: IBM Mainframe Discussion List [mailto:ibm-m...@bama.ua.edu] On Behalf Of > Ted MacNEIL > Sent: Monday, January 11, 2010 1:32 PM > To: IBM-MAIN@bama.ua.edu > Subject: Re: [IBM-MAIN] Korean bank Moves back to Mainframes (...no, not back) > > >I disagree. > >The basic operation of a credit card at the get go was for the > customer to be authenticated by comparing the signature on the voucher with > the one on the card. > >If they don't match the vendor refuses the transaction. > >This is still the basic MO for credit card transactions. > > The basic MO for buying, pre-debit card, was with signed cheques. > Debit cards have PINs, and no signature required. > With the potential for more money in my bank account than my credit limit, why > does this make debit cards secure? > > PS: I'm assuming, possibly wrongly, that you don't order on the INTERNET, > either. > - > Too busy driving to stop for gas! > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to lists...@bama.ua.edu with the message: GET IBM-MAIN INFO > Search the archives at http://bama.ua.edu/archives/ibm-main.html ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@bama.ua.edu with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
