Home » News
Filter by category:

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.

Commerce Retail







RINAlliance AssuredPartners HEALTHAlliance EMC Insurance Unified Contracting Services Renewable Energy Group Seneca Companies PMMIC Insurance Altria Cylinder Express Sinclair Rainbo Oil Company MAST ATM HTP Energy Flint Hills GROWMARK Energy Westmor Industries Seneca Tank Midwest Petroleum Equipment Molo Petroleum Otter Creek Country Stores, Inc Philip Morris International Jet Gas Wellmark Community Oil Company Valero Elliott Oil Company Phillips 66 McGowen, Hurst, Clark & Smith PC Delta Dental Cenex Mulgrew Oil Atlas Olsen Fuel Supply WorldPay BP Central Bank Federated Insurance McDermott Oil Co Core-Mark Reif Oil
PMCI Facebook PMCI Twitter PMCI LinkedIn
Home   |    About FUELIowa   |    Site Map   |    Privacy   |    Contact Us   |    ©2019 FUELIowa, All Rights Reserved
10430 New York Ave., Suite F, Urbandale, IA 50322-3773   |    P. 515.224.7545   |    F. 515.224.0502
Home
About FUELIowa
Site Map
Privacy
Contact Us
10430 New York Ave., Suite F, Urbandale, IA 50322-3773
P. 515.224.7545
F. 515.224.0502
©2019 FUELIowa, All Rights Reserved