Credit Card Issuers Ditch The Signature At Purchase

April 4, 2018

© Zentilia Dreamstime

You probably have noticed this more often lately. After inserting your credit card into the reader the signature page never comes up as your transaction is completed.  Beginning this month, major credit card issuers, including Visa, American Express, Mastercard and Discover, will no longer require signatures when you buy something. Technology has come a long way and with the new chip-enabled cards we have the traditional signature isn't needed to combat fraud.  Plus, when was the last time someone compared your signature on the signature pad with it on the back of your card?  Not to mention the introduction of contactless payment systems, like Apple Pay, just points out how the signature has outlived its usefulness. However the store you shop still may want a signature on file or are in the process of updating their software, so you still may need to scribble your name down for the next few weeks.

SOURCE: Lifehacker

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