The writing is on the wall for the signature, with Visa announcing it will no longer accept signed credit card receipts from next year.
It is introducing mandatory Pin numbers from then.
From October 2014, Visa will introduce mandatory Pins, in an effort to curb credit card fraud, saying smart chips and Pins are much harder to replicate than magnetic strips and signatures.
Mastercard has no set date for signature cards to be phased out, though it is actively campaigning with Visa, American Express and Diner's Club to get Pin-only cards in Australia.
But while security experts support dropping signatures and magnetic strips, many say new, contact-less payments - which at many retailers requires no identification for purchases up to $80 - will still leave customers open to thieves.
By April next year, every Mastercard will have PayPass, its version of the touch-and-go technology. Visa will allow banks to decide if their credit cards will use contact-less PayWave charging.
But individual account holders will be unable to opt out of contact-less charging, something Steven Ellis found when his new credit card arrived two years ago.
"The first thought was, what are my options . . . I found I had none," the Auckland-based technology consultant said.
Even after making an appointment with his bank manager, Ellis found he had no way to get what he wanted - for his card to require a Pin entry every time.
Credit card companies guarantee to cover fraudulent transactions, if reported in a reasonable time, but he said that held little comfort.
"The effort of engaging with your bank when anything does go wrong - I'd rather pre-empt that."
University of Auckland honorary researcher Peter Gutmann said tech experts had demonstrated the ease with which people's account details could be stolen from wallets in pockets and handbags using reading technology on cellphones.
Visa and Mastercard both disputed contact-less credit cards, which contain encrypted chips, were insecure.
Visa said its cards had to be within a few centimetres to be activated, transactions could not be duplicated, and a fully functional credit card could not be created from intercepted information from a hacking device.
Notably, the cardholder name and three-digit security code was not transmitted in a Visa PayWave transaction.
Like Visa, Mastercard also reversed any disputed contact-less transactions, Australasian division president Eddie Grobler said. "We haven't seen any increase in fraud" after contact-less technology was introduced.
But Gutmann said credit card companies had little incentive to prevent fraud as they charged back fraudulent transactions to the retailer.
"The merchant raises their prices to cover the fraud - that's the evil thing, they're reimbursing you with your own money."
Signatures aren't the only thing becoming obsolete - the personal chequebook was also predicted to go the way of the dodo, though not quite yet.
The number of cheques used had dropped significantly in the past 10 years. Payments New Zealand estimated that while 160 million cheques were written in 2002, just 54 million were written last year.
BNZ estimates chequebook use is falling by about 10 per cent every year. For the time being, at least, most banks still offer chequebooks, if requested by the customer.