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Credit card signatures are almost a thing of the past

Credit card signatures are almost a thing of the past

Finance
5 stunning stats about credit cardsThe random scribble you hastily scrawl after swiping your credit card is no longer required. Major credit card companies are getting rid of the signature requirement for credit card transactions. American Express, Discover and Mastercard will no longer require merchants to collect a signature on April 13. Visa will do away with the signature requirement starting April 14. "Signatures are no longer considered to be any real deterrent to fraud," explained Matt Schulz, senior industry analyst at CreditCards.com. "Most people don't sign their name in full or take it all that seriously." The signature requirement had already been fading, especially for smaller purchases. For instance, American Express has not required a signature for transactions under $ 50...