It was only a matter of time before credit card companies eliminated the need for customers to sign credit or debit card receipts.
Paying for a purchase is about to get more streamlined within the next few weeks. Visa, Mastercard, American Express and Discover will eliminate the need for shoppers to sign receipts for credit and debit sales. Yes, your signature on a receipt is about to become extinct thanks to technology.
When was the last time your signature was rejected anyway? But, the change is going to be optional and some stores may want to continue getting you to sign on the dotted line.
The encryption within new credit card chips and other measures by companies have helped to increase security without the need for a signature. Many cards currently don't require a signature for small purchases.
Charge cards date back to the 1920’s.
Source: New York Times