WCNC | Credit cards may not need your signature for purchases anymore @WCNC | Uploaded October 2024 | Updated October 2024, 1 hour ago.
Credit cards may no longer need your signature for purchases as new technology is phasing out old-fashioned John Hancocks.
Signatures have long been used to detect fraud or stolen cards. Banks used to verify purchases with proof of a signed receipt. Now that there are ways to prove authenticity electronically, a pen and paper aren't needed.
Many banks and customers use mobile apps to keep up with their finances, and if a purchase seems odd, the bank will send a message over the phone.
READ MORE: wcnc.com/article/news/local/connect-the-dots/credit-card-signature-verification-eliminated-major-banks-retailers/275-dc8a4662-a43e-400e-aeb2-17085606fb75
Credit cards may no longer need your signature for purchases as new technology is phasing out old-fashioned John Hancocks.
Signatures have long been used to detect fraud or stolen cards. Banks used to verify purchases with proof of a signed receipt. Now that there are ways to prove authenticity electronically, a pen and paper aren't needed.
Many banks and customers use mobile apps to keep up with their finances, and if a purchase seems odd, the bank will send a message over the phone.
READ MORE: wcnc.com/article/news/local/connect-the-dots/credit-card-signature-verification-eliminated-major-banks-retailers/275-dc8a4662-a43e-400e-aeb2-17085606fb75
