Fiserv has an interesting PDF file available if you want to take a look-see.
It's 26 pages and is entitled, "Risk Managment: Your Performance in a Soaring Fraud Climate. Below you'll find a screen capture of Page Four. According to the report, signature debit is responsible for 7.5 times more fraud than is PIN Debit, up over 2008.
Maybe now that overdraft charges are history (unless for some reason you elect to opt-in) and Big Brother has stepped into the Interchange fray, you'll see banks do what they probably should have done since day one. Push PIN Debit over Signature Debit. Signature debit isn't going to be as profitable and at 7.5 times more risk, it makes more sense to make PIN Debit their "signature" product.
Click the link below the graphic to take a peek at the entire 26 page document.
Risk Management (JB Rambaud) -Fiserv...for signature debit and 1.0 for PIN debit. • In 2008, signature debit fraud losses totaled 5.2 and PIN debit at .8 basis points ...
www.fiserveft.com/.../Card%20Payments%202010_Rambaud...
Here's another page which clearly, (80%) demonstrates why we should stop "typing" our card numbers into boxes at web checkout sites.
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