InfinityCor Systems News
Have You Heard? Cardholder Signatures Are a Thing of the Past
In April 2018, the major card brands (think Visa, MasterCard, Discover and American Express) will no longer require a cardholder’s signature when making purchases with a credit or debit card in the US and Canada. This is just one way in which the card brands are aligning themselves with the industry’s desire to shift to digital payments that allow for faster, more convenient check-out processes; because let’s face it: we all could benefit from that!
It’s important to note that forgoing cardholder signatures will not have any impact on payments security because solutions like EMV, tokenization and encryption protect against fraud much more effectively than a signature.
Where InfinityCor Systems - CardConnect clients fit In
We’re taking a page out of the card brands’ book and updating our terminals to no longer require signatures. Please keep in mind the removal of cardholder signatures is completely optional; certain merchants may wish to continue requiring signatures, and they are free to do so.
When was the last time your processor or representative reached out, to provide updates in the industry?
South Dakota Licensed Beverage
Dealers and Gaming Association