This is something that i have split from the thread about VISA debit cards.
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In the case of some VISA debit cards, the customer’s name is not printed on the card - i assume this is standard procedure for regular debit cards. In that context the question arises whether a signature on a card without printed name is useful or potentially harmful.
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Whenever a credit card or debit card is used at a store and, instead of a signing a slip, the customer enters a PIN into an electronic device at the store, what happens with that information (the PIN)?
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What is the normal procedure to follow in Taiwan if a credit card / debit card is lost or stolen?
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A question for anybody who’s had to deal with a stolen or lost credit card or debit card in Taiwan: what did you do and how was the problem resolved?
Here is what has been posted about this issue so far:
[quote=“Enigma”]As for the name on the card: Some cards show a name and some don’t. Also, refuse to sign the back of the card if requested to do so. I simply write in “Ask for ID” on the strip. Signing simply gives anyone who finds your card, if lost, an opportunity for fraud.
You can use any of the Visa debit cards for store or restaurant purchases in Taiwan. Some banks will send you a separate statement of your charges (debits). You don’t need to pay for these billings. They are deducted automatically from your ATM account.
One last point: If using your Visa debit card for store purcheses (as opposed to “in bank” use) don’t enter your pin in their little keypad. This information is not linked to the bank but goes instead to their in-house data storage software where now your bank card and pin are available for anyone with access to their network. Also, they have your signature on the purchuse invoice. If required to do so to complete the transaction, refuse and get some ATM funds.[/quote]
Reply:
[quote=“housecat”]I didn’t see any problem with signing it. In the States, on one even looks. A clerk did once and asked me about it because I hadn’t signed it, so I signed it on the spot. She said, “Umm. Okay, thanks,” and took the card!
Here, my signature is NOTHING like anything that a Taiwanese could come up with, so maybe it IS actually more safe to have signed it, right?[/quote]
Reply to the reply:
[quote=“Enigma”]You may be right as to Taiwan but I just see no reason in signing it. I can only see a downside, especially when traveling to an English speaking country. Your right about nobody looking at it anyway. Not once have I been asked for ID, even though it says to do so on the card. However, there can be that one instance that some scofflaw can use your signature to your disadvantage.
EDIT: mmmmm? Just got to thinking that maybe that’s why some banks have stopped putting a name on the card. It makes it easier for a crook to know your name and use a signature to defraud. Just a ponder.[/quote]