Mastercard Promotes Credit Theft
I saw a commercial on TV the other day that made me laugh. I'm sure normal people see this commercial as a sign of how advanced our technology is, and how convenient modern life is, but all I see is theft.
Watch that through, then think about this. Elephants can't obtain credit cards, so that must have been the trainer's card. Not one clerk ever thought to get a signature for their sales. The elephant spent $40 without ever having an ID checked or even needing to know a PIN.
To quote Mastercard's offer: "Signature is not required for purchases under $25 at participating locations. PIN may be required for debit transactions," so this would be fairly limited in the US, aside from doing a bunch of small purchases stealing groceries or small items.
But this card is valid in the United States, Canada, the United Kingdom, Japan, Korea, Thailand, Turkey, Lebanon, Malaysia, Australia, Taiwan, the Philippines, and South Africa. Some of those places are hardly known for being safe to not have your credit cards stolen, and I'm sure shop keepers would be fairly lax regarding getting signatures for large purchases.
Anyways, I just found it really funny that Mastercard touts this great new service, when in reality its showing how easy it is to use their service to steal!
