No Signature Rule Changes Announced by All Card Brands

Mastercard, Discover, American Express, and Visa announced that their rules would be updated to allow merchants the option to choose whether to collect a cardholder’s signature for all card-present point of sale transactions.

Effective with this change, merchants will not be liable for applicable chargebacks as a result of not capturing a signature for card-present transactions. Eliminating the requirement for signature collection provides merchants the option to discontinue collecting signatures for applicable transactions or to set thresholds for signature collection at their discretion.

Specific details by brand and region are outlined in the document here that better describes no signature requirements. It is something that can be easily laminated and shared with each merchant location.

For PMCI members processing card transactions through our preferred card processor Worldpay, please contact the association and we will direct your questions to the appropriate contact at Worldpay.