On This PageDecember 2005, No. 221

Debit Card Competition: Signature versus PIN
Last Updated: 11/17/05

This article explores costs and benefits of two types of debit card authorization methods—signature and PIN (personal identification number)—for merchants, consumers, and financial institutions. It also considers competition between signature- and PIN-based debit cards in the United States and looks at Canada’s predominant usage of PIN-based debit cards.