December 7, 2017
Discover Will No Longer Require Signatures at Checkout
Discover will no longer require signatures at the point of sale for credit and debit card transactions beginning April 2018. The policy change applies to purchases in the United States, Canada, Mexico, and the Caribbean. The move is designed to make the payment process faster.
Discover’s VP of Global Products and Innovation explained, “With the rise in new payment security capabilities, like chip technology and tokenization, the time is right to remove this step from the checkout experience.”
Discover isn’t the first credit card issuer to make this change. MasterCard announced an identical policy shift in October. Both Discover and MasterCard purchases will no longer require signatures starting in April 2018. This shouldn’t make credit transactions any less secure than they already are. I can’t even remember the last time a merchant in the US actually verified my signature.