BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Front of card
|
|
|
Back of card
|
|
|
No place for a signature on the card
|
|
|
Under the card number
|
Detailed explanation-1: -On the back of your credit card, you will find a white, blank strip. This is the signature bar of your credit card. To sign, use a felt-tipped pen. This pen will allow the ink to stay, prevent it from smearing, and prevent it from soaking into the plastic.
Detailed explanation-2: -So, while chip and PIN have given your debit card use an additional level of security and contactless payments have sped up their use, a signature on the back your debit card is still vital.
Detailed explanation-3: -None of the major credit card payment networks-Visa, Mastercard, American Express or Discover-requires you to sign for purchases. But individual retailers are free to require signatures, and technically speaking, an unsigned card might be considered invalid. So go ahead and sign.
Detailed explanation-4: -Why do you have to sign the back of a credit or debit card? Credit card issuers may require you to sign the back of your card in order to verify your identity. Merchants are supposed to compare your signature on the receipt to the signature on your card to confirm you are the valid card owner.
Detailed explanation-5: -Write your signature on the signature bar of the card using a felt-tipped pen. Sign your full name instead of writing “See ID” or “Check ID."