Credit Card Payment Processing After Signature Rule Change
In this article, we discuss the details related to Credit Card Payments After Signature Rule Change. We will discuss old and new rules related to the payment after signature. For more information, feel free to contact Merchant Stronghold at the toll-free number. Why There was Need to Make Changes to the New Rule? Other card networks such as Visa, American Express followed over the steps of the MasterCard. But the Visa made it optional to sign on the receipt. Here are factors that made card networks to change the norms related to signature. The Card brands wanted to speed up the payment process by eliminating a step that is Signature. Also, a signature is not strong evidence to fight against chargeback/fraud for a merchant. Most of the signatures were unrecognized by the customers. Also, most of the people are adopting the internet banking methods, where signature rules are not applicable. Moreover, by applying the proper safety instruments...