MasterCard to Eliminate Requirement for Signatures

By Anna Breuer on 19 October 2017
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IMG_8295 (1)MasterCard announced plans to end the requirement for retail customers to sign charge slips in the United States and Canada.

The change will go into effect next April. Merchants will then have the option of asking a customer for a signature or not.

“Eliminating the need for signature is another step in the digital evolution of payments and payment security,” said Linda Kirkpatrick, executive vice president of the company’s market development division in a statement.

The move makes MasterCard the first credit card company to no longer require a signature for retail purchases.   The company said that given newer, more secure credit cards, the change won’t affect security, adding that it will speed up lines at stores.

(Photo: Accura Media Group)

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