[gpm]

Strange, I think all credit (not debit) cards here do. Might be regional.

[kzrdude]

In sweden they don't - at least not on the debit cards, which are common. They also just removed the holder's signature field too, nobody ever uses that (it's authenticated with pin + optional ID).

[wrycoder]

I'm in the US - my latest Mastercard has chip and stripe, but no embossing. The number, exp, and cvv are all on the backside.