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Over the past six months the four biggest payment processors in the US — American Express, Discover, Mastercard, and Visa — announced that they’d be discontinuing signature requirements on credit card purchases under select circumstances. Mastercard was the first issuer to make this announcement, and then for competitive reasons their three biggest rivals matched within months.
All four issuers announced that they’d eliminate the signature requirement as of April, though an exact date wasn’t given at the time. The Verge reports that American Express, Discover, and Mastercard will be eliminating signature requirements as of tomorrow (April 13), while Visa will eliminate signature requirements as of later this month.
The exact regions where the signature requirement is being eliminated varies by company:
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