Visa Won't Require Signatures, a Move Wal-Mart Long Sought

In a change that many consider overdue, Visa, the US’s largest card network, is eliminating signatures for purchases made with an EMV chip card or contactless payment method. MasterCard, American Express, and Discover have already announced their plans to adopt this policy, which is expected to begin in April.

Merchants have campaigned for years to ditch signatures because those sales are routed through systems with fees more than double those for transactions using personal identification numbers, or PINs. Visa is the last of the major US payments networks to ease the signature requirement.


Source: [H]ardOCP – Visa Won’t Require Signatures, a Move Wal-Mart Long Sought

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