01/31/2018

Credit Card Brands are Saying Goodbye to Signatures

This will begin with the top credit card brands in April 2018

The rise of mobile payments, such as Apple Pay and Google Wallet, have set the stage for consumers to have an improved shopping experience when purchasing goods or services. With the influx of convenient payment methods, credit cards companies are continually taken to task on how to improve overall purchasing practices.

And the major credit card brands – Mastercard, Visa, American Express and Discover –  have found a way. These brands recently announced that this April, they will no longer require a signature on debit or credit card purchases, so buyers can have a fast and convenient shopping experience. This will also help reduce merchants’ operating expenses associated with retaining these signatures.

Here is a quick recap of the statements from the card networks according to creditcards.com.

Please select this link to read the complete article from Infintech.