Anyone who has any experience with swipe and sign cards knows exactly how they’re charged by a merchant. Your card is taken, swiped and then a receipt is printed, which you sign and then collect your card and receipt before going on your way again. That’s the way it has been in the U.S. for a long, long time, even though many countries in the world have now transitioned to using chip-based cards, which don’t require signatures, users just have to enter their PINs to authorize transactions. Its highly likely that swipe and sign cards may not work after October 2015, since that’s the deadline both Visa and MasterCard have chosen to complete the switch to chip-based cards.
Swipe And Sign Cards May Not Work After October 2015 original content from Ubergizmo. 
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