NEW YORK—The need for a signature at the point of sale is going away.
American Express, Mastercard, Visa and Discover have each announced that, starting in April, they will no longer require signatures on any U.S. and Canadian credit card purchases, the Atlanta Journal-Constitution reported.
“That pretty much would fully evaporate what may be the most common reason U.S. consumers still bother writing signatures, which were once the most prominent symbol of our financial integrity and proof of our identity,” the Atlanta Journal-Constitution said.
“Signatures may be going the way of the lava lamp,” William McCracken, president of Phoenix Synergistics, a metro Atlanta-based consumer market research company focused on financial services, told the Atlanta Journal-Constitution.