What does it mean to ask for a signature on the back of a credit card?

The signature on the back of a credit card is as important as the password. It is a guarantee of consumer safety.

Bank staff said that the signature on the back of the credit card is a guarantee of consumer safety and is as important as the password. Different from China, when using credit cards abroad, you do not need to verify the password, it depends entirely on the signature. Therefore, if the cardholder fails to endorse the card, it will affect his normal consumption abroad.

The card that has been swallowed by the ATM can be retrieved with the signature on the back of the credit card.

When a cardholder withdraws money from a bank ATM machine, if there is a problem with the machine and the card is swallowed, the bank staff can also verify the identity of the owner through the signature on the back of the bank card and the registration book. Check your signature and use it as a basis to handle card refund and other services.

If the signature on the back of the credit card does not match, the store can refuse to sell the goods.

When swiping a card for consumption, if the cashier finds that the signature does not match the signature on the credit card during the signature verification process, the cashier has the right to cancel the purchase and refuse to sell the goods. Don’t think this is a fantasy, because the risk of fraud caused by settlement without verifying the signature will be borne by the merchant, and if the credit card is stolen without a signature, the responsibility lies with the cardholder.

So the signature on the back of a credit card is very important, but many people tend to ignore its importance. Regarding the signature on the back, you need to pay attention to the following two points:

For the signature on the back of the credit card, it is best to keep the font consistent with your usual signature. Try to avoid too neat fonts, otherwise it will be easy to be imitated.

The credit card signature cannot be altered, otherwise the signature will be invalid. If you accidentally sign the wrong card, you can apply to the bank to create a new card. In addition, it is best to use a ballpoint pen when signing. Wait for the pen and ink to dry before putting the card back into the wallet to prevent the signature from being blurred.

What does credit card signature and password consumption mean?

Credit card signature and password consumption means: In addition to checking the signature on the back of the card, you also need to enter the set transaction password when making a credit card purchase. Complete the payment by credit card.

When applying for a credit card, the user can choose the "signature password" method or the "signature" method in the "card swiping consumption method". If "signature" is selected, the consumer will not be able to use the card after swiping the card. A password is required and only a signature is required to complete the transaction.

The transaction can be completed by swiping the credit card without entering the password. Once the credit card is lost, the money in the card can easily be stolen, which is a security risk for the cardholder.

Extended information:

Credit card encryption is more secure

"Signature" and "password signature" are the two main means of current credit card transaction verification. Whether a transaction password should be set on a credit card and the issue of liability determination after being "stolen" have been topics of debate for many years.

Since the cardholder has to bear the responsibility for keeping the password after setting the transaction password, if the cardholder leaks the password to a third party, including entering the password on a phishing website and the card is stolen, the card will need to be maintained. The cardholder is responsible for the debt, which has led to many consumers being hesitant about whether to set a password on their credit card.

Bank of Communications credit card experts pointed out that in the domestic payment environment, setting a transaction password and signature verification is obviously more secure than signature verification alone. Because the task of checking whether the signature on the purchase form is consistent with the signature on the back of the card is completed by the merchant on the spot at the transaction site. However, many domestic merchants now make hasty verification of signatures, and the signatures are easy to forge, and it is difficult to distinguish the difference with the naked eye. .

The password is a verification tool that is known only to the person and is not easily accessible to others. An additional verification link provides an additional level of protection. This means that "password signature" verification is much safer than "signature" verification alone. As long as the cardholder pays attention to protecting personal information such as passwords, the probability of "theft" will be far reduced.