Not just europeans, but also japanese and all countries in south america (not sure about other asian countries and africa). Also, pin works for credit cards too, in these countries, not just debt
Why do the banks need signatures in the US? Specially badly-drawn ones that don't even ressemble the actual signatures? (I can never sign properly in one of those POS machines from CVS, ever)
Signatures allegedly lower the fraud rate, or at least assist in proving fraud if a card is stolen.
Some banks now offer the option to bypass signature capture at the tradeoff of a slightly higher merchant rate. Many quick-serve restaurants (Chipotle comes to mind) will take the hit in return for processing customers faster. Time is money.
Given how badly I sign the UPS pad when picking up a delivery, I can't see these signatures as being usable.
Why do the banks need signatures in the US? Specially badly-drawn ones that don't even ressemble the actual signatures? (I can never sign properly in one of those POS machines from CVS, ever)