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Discover is getting rid of the need to sign on the dotted line after making a purchase. Beginning in April 2018, Discover will no longer require cardholder signatures at the point of sale for all credit and debit transactions across its card network. The new signature-free purchase option is valid for transactions made in the US, Canada, Mexico and the Caribbean.
“As the payments industry continues to evolve and introduce new methods of transacting, we’re making sure that Discover is providing customers and merchants with a smooth and more secure payments experience,” said Jasma Ghai, vice president of Global Products Innovation at Discover. “With the rise in new payment security capabilities, like chip technology and tokenization, the time is right to remove this step from the checkout experience.”
Although the signature part of the in-person transaction is being removed from the process, Discover is assuring customers that security won’t be compromised. The Discover security network already uses digital authentication technologies such as tokenization, multi-factor authentication and biometrics, which the company says are more secure than a traditional signature. Plus, not requiring a signature makes the process quicker and more seamless for the customer.
Discover isn’t the first company to have its cards move to a signature-free model. In October, Mastercard announced that as of April 2018 — the same month Discover will phase signatures out — it will also no longer require signatures from cardholders on in-person transactions in the US and Canada.
Overall, this change from Discover is a positive one, which could speed up the process for cardholders at checkout. Just this week, Discover caught some heat for removing five benefits from all of its cards as of February 28, 2018 — Extended Product Warranty, Return Guarantee, Purchase Protection, Auto Rental Insurance and Flight Accident Insurance.
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The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.
- Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
- Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
- 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
- 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
- As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
- Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
- $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
- Terms Apply.
- See Rates & Fees