Re:credit card info? (Score 1)

If you really want to start slinging, it is that very policy that causes privacy advocates fits. The theory of the last policy is that your credit card company will be liable for any fraud that occurs if the signature on the back of the card does not match the signature provided by the buyer. First of all, I have never been in the situation where a bank/Credit Union have said "Let me contact the vendor and see if they checked the signature to the card" ... Ten minutes later they contact you back and tell you that the fraudulent charges have been taken off of your account. It never really seems to occur that way in real life does it? The next thing that I would point out is the fine print actually states "By signing OR USING THIS CARD, you acknowledge receipt of, and agree to be bound by, the Issuer's terms and conditions". That seems to indicate that you do NOT have to sign the card to be contractually bound to the terms set by the Issuer (merely using the card does that). Lastly, signatures can be an X. And contracts have been made all over the world with less of a signature than "See ID". The funny part about this whole argument is according to the rules Visa suggests a vendor follow, a buyer could technically just sign the back of their card as "See ID" and then sign the slip "See ID" and say that should be sufficient for the transaction to occur. I am sure it has been tried somewhere ;-). By the way, it irritates the heck out of me when places (such as the USPS require that I sign my credit card to do business with them - they apparently are telling users they have to sign their card to use it with them). I guess their legal team is completely inept, because they decided to stop reading the relevant information when the text became too small. Check it out for yourself - it is spelled out on every Visa card.