credit cards

Business

Visa finally gets on board with optional credit card signatures

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As more and more credit card companies announced an end to the need for signatures on credit and debit card receipts, major player Visa kept holding out. Until today.

Finally, Visa announced Friday it was making signatures “optional” in North America starting in April.

Visa’s move, which keeps signing an option for now, is a little different to MasterCard, Discover, and American Express who are straight-up eliminating the need for something on the dotted line. But it’s essentially dumping signatures unless retailers decide they still want one. Read more…

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Business

American Express finally ditches the need for signatures with its credit card

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Like MasterCard and Discover before it, American Express is eliminating signatures for all credit card purchases.

The company announced Monday that merchants won’t need customers to sign for anything starting in April 2018. This affects all shoppers everywhere around the world where American Express is accepted. 

The payment process has outgrown signatures as a security measure — American Express credited contactless pay options, chip technology, and way more online shopping as big reasons to ditch the signatures. Plus, American Express and other card companies have many other methods to detect fraud. Read more…

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Business

Discover won’t force you to sign for purchases anymore

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Forget signing your name on credit and debit card purchases with Discover.

Starting in April, the credit card company won’t require a signature after buying something in the U.S., Canada, Mexico, and Caribbean.

Chip technology — along with biometrics and multi-factor authentication — has made signing a receipt a redundant security measureMasterCard announced it was ditching signatures back in October. 

Discover said the change may require some merchants to change their Discover point-of-sales systems since pens and electronic signature screens won’t be necessary. Read more…

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Business

MasterCard will finally stop forcing people to sign receipts

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“Can I get you to sign on the bottom?” “Your signature, please?” “Sign here.”

Those prompts that you’ve heard forever after shopping, eating out, and spending money are coming to an end.

MasterCard is doing away with signatures on purchases starting in April.

It’s the end of an era. The future signature-less payment process stemmed from company research showing that customers wanted to speed up time at the register.

Requiring a signature had become antiquated with so many other security features such as chips, biometrics, and digital payment platforms. Some new MasterCard credit cards have a fingerprint sensor embedded in the card. When paying, cardholders just touch the sensor while holding the card as they dip it into the terminal.  Read more…

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Business

Prepaid card users will finally be protected from fraud and crazy fees

Customer paying at credit card reader in market If you’ve been out of touch with the FinTech market recently you may have missed how popular prepaid cards have become. This is especially true when it comes to “open-loop” cards, which are prepaid cards powered by a processor like Visa or MasterCard that can be used anywhere a credit or debit card is accepted. These accounts now look and feel increasingly similar to an… Read More

Business

5 times you shouldn’t use a credit card

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A credit card used responsibly can be a great tool to build your credit score and a credit history.

If you pay off your bill in full every month and balance your budget like a pro, using a credit card for most expenses allows you to track your spending easily and take full advantage of cash-back and other rewards programs.

But if you don’t pay off the bill each month, the high interest rates on a card will cost you as your debt keeps rolling over. That’s when you should consider cheaper methods of financing.

Here are five times you may want to ditch the credit card. Read more…

1. To pay for a big expense

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Tech

What marketers can learn from the economy of convenience

convenience If you think about it, money is a ridiculous concept. Without going into a William Jennings Bryan gold standard history lesson, let’s just say the idea that I can hold this thing, this little cloth rectangle of varying denomination, and exchange it for tangible goods and services is, at the very least, a system of belief. How we carry our money, and how we’ve evolved to think… Read More