Mastercard signs off on removal of card signature panel

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Mastercard is embracing new modes of authentication across its network, introducing a voluntary programme for banks to eliminate the signature panel on physical plastic, and enabling token services on all cards by 2020 for shopping online.

Mastercard says the removal of the signature panel on the back of cards is in tune with changing consumer preferences. It points to a survey conducted among 1000 US adults which found that 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.
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