Card issuers will no longer need to include a signature panel on the back of Mastercard products, the payments network has announced. The change will apply to card issuers “around the globe” and will come into effect in April 2019.
"In a survey conducted in the US, only 40% said they had signed the back of their cards, and one-third of those who haven’t signed said they don’t see the point in doing so."
"In the same survey, more than half of respondents believed they were just as secure without signing the back of their cards, and two-thirds wanted biometrics to replace signatures, passwords and PIN codes when paying with their card."
"With modern, advanced forms of authentication now available, removing the requirement for signature capture at the point of sale and now signature panels on Mastercard cards is an important step in support of our digital evolution."