Dow Component American Express (AXP) Eliminates Signature Requirements
Dow 30 Component, American Express Company (AXP), and its subsidiaries provide customers and businesses globally with charge and credit payment card products and travel-related services. They look to enrich the lives of their customers and build business success.
American Express recently announced that beginning April 2018, Car Members’ signatures will not be required for any purchase transaction. Currently, American Express already eliminated signature requirements for any transactions under $50 in the U.S.
Eliminating the signature requirement is a step towards simplifying the checkout experience and speeding up the payment process. Due to advancements in technologies such as EMV chips and advanced machine learning algorithms, the need for signatures to detect fraud has declined.
Let us all applaud American Express for their valiant effort in shortening the ever-lengthening lines at the local superstore checkout.