American Express and MasterCard are quietly killing one of the most annoying things about buying things in stores
Pascal Le Segretain / Getty Images
- MasterCard, Discover, and American Express have all announced that soon customers will not be required to sign receipts at check out.
- Signatures are no long a necessary safety measure, according to executives.
- The change will take place in April 2018.
In 2018, major credit card companies including MasterCard, Discover, and American Express will no longer require customers to sign their receipts.
On Monday, American Express became the latest company to announce that it will stop requiring card members to sign receipts, beginning in April 2018. Previously, the company forced merchants to require all shoppers to sign for all transactions when checking out.
With the rise of online shopping and new tech like EMV chips in credit cards, signatures have become less necessary as a safety measure, American Express said in a press release.
In October, MasterCard announced that it would similarly stop requiring customers' signatures as of April 2018. And, Discover made a similar announcement last week.
At this point, The Verge reports, Visa is the only major credit card company that has not yet announced plans to kill the annoying - and increasingly unnecessary - signature requirement in 2018.
The Future of Retail 2018 by the BI Intelligence Research Team.
Get the Slide Deck Now »
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Bengaluru's rental income highest in Q1-2024, Mumbai next: Anarock report
- Rupee falls 10 paise to settle at 83.48 against US dollar
- Include 4 hrs of physical activity, 8 hrs sleep in routine for optimal health, suggests study
- 11 must-visit tourist places in Nainital in 2024
- Indegene's ₹1,842 crore IPO to open on May 6
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market