Revised Requirements for Signature Collection Effective April 13, 2018
May 1, 2018 by PMAA |
As more face-to-face merchants adopt EMV-enabled payment terminals in the United States, major card brands have evaluated the need to continue collecting cardholder’s signature as a valid verification method and have determined that the security and fraud protection from EMV adoption allows merchants to discontinue the collection of signatures.
Effective April 13, 2018, the four major networks (Visa, Mastercard, American Express, and Discover) will no longer utilize signatures during dispute procedures. Please read here that details each network’s change to existing requirements.
Should you have any questions, please reach out to your designated Worldpay Account Manager or PMAA’s Worldpay Executive Client Manager, Glenda Preen at 972.325.1801. Worldpay is a PMAA Corporate Silver Partner and Vendor.