Mastercard to eliminate signatures in 2018

Карта MastercardIt used to be back in the day that whenever you made a purchase using your credit card that you would have to sign the receipt to acknowledge the purchase, as well as proving that you are who you say you are. However these days things are changing and according to Mastercard (via MacRumors), signatures will soon be completely eliminated.

The company has announced that starting in April 2018, customers in the US and Canada will no longer have to sign their receipts for both debit and credit card purchases. According to Linda Kirkpatrick, an Executive Vice President at Mastercard, “Our secure network and state-of-the art systems combined with new digital payment methods that include chip, tokenization, biometrics, and specialized digital platforms use newer and more secure methods to prove identity.”

It should be noted that there are many markets around the world where signatures are no longer required for credit/debit card purchases. Instead contactless payments are becoming increasingly common for smaller purchases, and for larger purchases, customers are instead required to enter a PIN which is more secure than a signature which can be easily forged, or if the cashier does not bother to check against it.

It is also expected that this could result in faster purchases using platforms like Apple Pay, where there are certain instances where a signature is still required for purchases over $50 in the US.

Source: Ubergizmo

Tags: technologies

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Galaxy Note10 really is built around a 6.7-inch display
You may still be able to download your content
Facebook, Messenger and Instagram are all going away
Minimize apps to a floating, always-on-top bubble
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
The 2001 operating system has reached its lowest share level
The entire TSMC 5nm design infrastructure is available now from TSMC
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (16)