Oh ... and one more thing ... I’ve been reading that Apple is probably going to get into the payment systems act, too. I believe they’re talking about using the iPhone (or any iDevice they have) with Bluetooth and making it a “contactless payment” system — no signature and no pin!
It’s great until it gets stolen. Again my gas credit cards used to work the same way, then it dawned on them that if people’s wallets got stolen the thief was free to use the credit cards since there was no level of verification that the card was in the possession of the owner. Gas stations backed away from that and now require you enter your zip (which of course is also on your license so it’s not that great a security measure). If anybody goes to no-sign no-pin they’ll go back when people’s cards get stolen. Contactless only only sounds like a good idea until you remember thieves.