Glossary of terms commonly used in the Wallet

signatureless system

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How to read in Japanese: signatureless system

A signatureless system is a system that allows customers to make purchases with credit cards without verification of their identity by signature.

Originally, when using a credit card, the merchant requires the customer to sign the sales slip, which is verified against the signature on the back of the credit card. Signatureless systems were introduced to eliminate this process and reduce processing time.

For this reason, signatureless systems are often found in supermarkets, convenience stores, drugstores, highway toll booths, and other stores where high turnover and speed of payment are required. However, since the signatureless system eliminates the identification process, it cannot prevent identity theft or fraudulent use by third parties.

Instead of a signatureless system, some verify identity by entering a PIN into a terminal.

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