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Signatures void

  The nationwide change to expand PIN at the point of sale (POS) and phase out of the signature as a form of verification on Australian credit and debit cards kicks off today. Over the next three months, 800,000 merchant payment terminals nationwide will undergo a software update, rendering the signature obsolete. The move from pen to PIN is being lead by the Industry Security Initiative, a collective of Australia’s major financial institutions and card schemes, to protect consumers again