Comments on: PIN vs. Signature Based Debit Transactions

By: Shawn Levasseur

Shawn Levasseur — Tue, 31 Mar 2009 20:56:58 +0000

These days, smaller transactions don’t require any signature or PIN, just swipe, get approval, and go. Some places that do this have thresholds from $5 to $25 dollars. I suspect that these transactions are treated as if they were signature transactions (Credit Card networks), and not PIN transactions (ATM networks).

This has made the act of taking plastic in places where speed of service is a big deal (Fast Food drive-thrus, express checkouts at groceries) a practicality.

By: Pecuniarities

Pecuniarities — Mon, 30 Mar 2009 13:04:34 +0000

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By: Big Oil Merger, Sales Taxes and Weekend Reading | Million Dollar Journey

Big Oil Merger, Sales Taxes and Weekend Reading | Million Dollar Journey — Fri, 27 Mar 2009 16:16:17 +0000

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By: Big Oil Merger, Sales Taxes and Weekend Reading | Income Trust | Personal Finance | Real Estate SEO

Fri, 27 Mar 2009 13:16:52 +0000

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By: frugal living

frugal living — Tue, 24 Mar 2009 06:46:15 +0000

I was told that all debit card transactions are either PIN based or Signature based transactions:
I went to my local gas station, bought gas and soft drinks. At the cash register I swiped my new debit card. Nothing on the screen asked for a PIN number, nor did it ask for a signature.

By: SunFinancial (Suns Financial Diary)

SunFinancial (Suns Financial Diary) — Mon, 23 Mar 2009 22:28:32 +0000

PIN vs. Signature Based Debit Transactions: Last week, when I was writing the article on reward checking account.. http://tinyurl.com/dfsfhe