Another breakthrough in technology to make our life easier?
.. Doing a transaction using one's credit card is getting easier each time. In a few weeks' time (June 4) one will be able to have a choice whether to finalise a credit card transaction with their signature (PEN) or by a secret set of numbers (PIN). More details on this can be found on PENorPIN.
I am not quite sure how it is in other parts of the world, but I think this is quite a tricky one just because some countries have more issues on trust (?!) and the use of credit cards! Well, Australia's chosen to trust the system and so most cardholders of Visa, Mastercard, Diners Club and American Express, would have the option! As an introductory thing, there are limited number of merchants who will offer this. There are a few advantages and disadvantages arising from this technology. Merchants would love the fact that they can make a sale easier. Cardholders would think of this as a convenient alternative to having to fill up signature on file forms.
I suppose with anything, there are different ways of looking at a new technology. The good part is, we are given the option. So, there at the end of the day, its your choice and mine as well. What do you think?