Security Tip

Cardholder Reasons to “Press Credit and Sign” when using a Debit Card at the Point of Sale

1. A cardholder enjoys the same dispute rights when a signature-based debit transaction that accompany a credit card purchase.
2. Fraud protection- most recent card compromise issues have resulted from the storing of PINs by merchants. The signature-based transaction does not expose the card to counterfeiting as easily.
3. Participation in Visa or MasterCard Sweepstakes- only signature-based transactions count as entries.
4. Small ticket credit-based purchases (under the $25 or $50 floor limit) are now easier and faster to conduct than PIN! Simply swipe and go- no signature required!

 

This entry was posted on Wednesday, August 10th, 2011 at 1:37 pm.