Mastercard Inc. is doing away with a rule requiring merchants to get signatures for transactions made with its credit and debit cards in the United States and Canada.
Announced early Thursday, Mastercard’s rule change goes into effect April 13, 2018, allowing issuers, merchants, and processors time to make adjustments, though merchants can adopt the change sooner, Mastercard says. Mastercard also issued a bulletin about the matter Wednesday afternoon. The new rule does not affect interchange, and applies only to point-of-sale transactions.