Quote:
Originally Posted by RedChariot
I understand the chip part. Please explain the signature. Card has your signature?
TIA
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There are two kinds of chip cards--chip and pin and chip and signature. Europe uses chip and pin, where you have to enter a pin # at point of sale. Most of the US banks are pushing chip and signature (no pin). Chip and pin is more secure if the card is stolen and attempt is made to use it. Also they are more expensive to duplicate.
If you google chip and pin vs chip and signature, there are some articles on which is better and why. Here's one:]]http://krebsonsecurity.com/2014/10/chip-pin-vs-chip-signature/