No more signing when paying by card – Mastercard

Mastercard is doing away with the need to sign your name when paying with a credit or debit card.

The company said that from April 2018, it will do away with the need to sign after a purchase with its cards in the US and Canada.

It said over 80% of its store transactions in North America already do not require a cardholder signature at checkout.

“Eliminating the need for a signature is another step in the digital evolution of payments and payment security,” said Mastercard.

“This might sound like a radical proclamation. However, the change matches all of our expectations for fast and convenient shopping experiences.”

Easier to pay

Mastercard said consumer research has found that customers believe it would be easier to pay, and checkout lines would move faster, if they did not need to sign when making a purchase.

Security will still remain a priority, and removing the need to sign for purchases will not have any impact on safety.

“Our secure network and state-of-the art systems combined with new digital payment methods that include chip, tokenization, biometrics, and specialised digital platforms use newer and more secure methods to prove identity,” said Mastercard.

“While security remains paramount, we know that convenience is also a large part of what consumers want when they are shopping and paying.”

It said removing the need to sign is a move supported by its merchant partners and will provide a more consistent shopping experience to customers.

Now read: Cash is not going anywhere in South Africa

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No more signing when paying by card – Mastercard