Given this definition: http://legal-dictionary.thefreedictionary.com/signature
Any signature you use is valid and binding. I would be practically impossible for any modern bank to use signatures to verify transactions. It would, probably, be useful if there was ever a law suite over the transaction. On Mon, Feb 2, 2015 at 12:59 PM, Luke Hankins <l...@ethersmith.com> wrote: > JBS> Does anyone who's worked in the payment processing industry have a > sense > JBS> of how often the presence of a signature is actually used to prove (or > JBS> disprove) anything? I'd sort of assumed that these days it's just > security > JBS> heater. > > This report seems to indicate that they think it's security theatre. > > http://www.npr.org/blogs/money/2014/09/08/345820789/why-do-we-sign-for-things-a-rabbi-a-lawyer-and-a-mastercard-exec-explain > > On Mon, Feb 2, 2015 at 3:32 PM, Josh Smift <iril...@infersys.com> wrote: >> >> I imagine that the signature was originally for non-repudiation: If you go >> to a store and say "hey I didn't buy that", and they say "well, here's a >> receipt with your signature on it", that makes it a lot harder for you to >> prove that you didn't. >> >> Does anyone who's worked in the payment processing industry have a sense >> of how often the presence of a signature is actually used to prove (or >> disprove) anything? I'd sort of assumed that these days it's just security >> theater. >> >> -Josh (iril...@infersys.com) >> _______________________________________________ >> Discuss mailing list >> Discuss@lists.lopsa.org >> https://lists.lopsa.org/cgi-bin/mailman/listinfo/discuss >> This list provided by the League of Professional System Administrators >> http://lopsa.org/ > > > > _______________________________________________ > Discuss mailing list > Discuss@lists.lopsa.org > https://lists.lopsa.org/cgi-bin/mailman/listinfo/discuss > This list provided by the League of Professional System Administrators > http://lopsa.org/ > -- Perfection is just a word I use occasionally with mustard. --Atom Powers-- _______________________________________________ Discuss mailing list Discuss@lists.lopsa.org https://lists.lopsa.org/cgi-bin/mailman/listinfo/discuss This list provided by the League of Professional System Administrators http://lopsa.org/
