Serious question to banking expert is the physical signature really useful for forensic? I always just doodled through in most offline credit card transactions and cashiers never check as well
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Replying to @DoveyWan
Nobody cares about physical signatures on typical transactions (credit card, etc) as a forensic mechanism. The value in case of a dispute is too low to dedicate more than a few minutes of human effort to. The value is in solemnization, and industry is trying to phase that out.
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Solemnization = producing legible evidence that you know you are about to enter a transaction and that you intend to do the transaction you're entering.
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Solemnization is valuable because it avoids the following two scenarios: "Bob you owe us money." "I've never had an account with you." "Here's a statement." "Never heard of it." "Here's your signature on a piece of paper. Think carefully about 'not mine' in front of judge."
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#2: "Corporate Inc., you owe us money." "We do?" "Yes Bob signed for it." "Bob doesn't have authority to bind us to contracts." "Bob signed for it *on letterhead*; you can deal with the HR issue at your leisure but our invoice is good."
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