Credit card companies phasing out signature requirements

Credit card companies phasing out signature requirements

(KCBD) - Within the next few weeks, four of the major credit card companies will be doing away with receipt signing after a sale.

MasterCard, Visa, American Express and Discover already didn't require signatures on small purchases, but now they say new encryption in cards will make them unnecessary.

Something Jordan Flores with Lubbock based AIM Bank says he agrees with.

"I think the chip card allows still those security features to be in place," Flores said. "The signature, unfortunately, most people don't look at, they just accept the card."

Flores adds that if you are concerned, there are ways to help keep yourself and your money safe.

First if you're doing any online shopping, only use websites that start with https://. The 'S' stands for secure and means the connection is encrypted.

Sign up for a credit card protection agency, they'll alert you if another account is opened in your name.

Also, get into the habit of checking your statements daily, but if you can't, or don't want to, sign up for text alerts so you can always be up to date with the purchases being made with your money.

But no matter what, if something feels off, Flores says to always call your financial institution.

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