Mastercard did not just “finally” realise this. They realised it back in the 90s when they were involved in the creation of EMV, which replace the “signature” method of cardholder verification with PINs.
Signatures have been all but obsolete for purchases in Europe for years; I can’t even remember the last time I used it here. Everything is contact or contactless EMV now, authenticated by PINs.
Signatures have been all but obsolete for purchases in Europe for years; I can’t even remember the last time I used it here. Everything is contact or contactless EMV now, authenticated by PINs.