“Can I get you to sign on the bottom?” “Your signature, please?” “Sign here.”
Those prompts that you’ve heard forever after shopping, eating out, and spending money are coming to an end.
MasterCard is doing away with signatures on purchases starting in April.
It’s the end of an era. The future signature-less payment process stemmed from company research showing that customers wanted to speed up time at the register.
Requiring a signature had become antiquated with so many other security features such as chips, biometrics, and digital payment platforms. Some new MasterCard credit cards have a fingerprint sensor embedded in the card. When paying, cardholders just touch the sensor while holding the card as they dip it into the terminal.
Already 80 percent of debit and credit card transactions with a MasterCard in the U.S. and Canada don’t require a signature, but soon it’ll be all of them.
Nobody seems too upset about the loss.
Basically, this is all to make it easier to spend your money. But still, never signing your credit card receipts again: priceless.