Discover Will No Longer Require Signatures at Checkout
December 06 2017 - 10:00AM
Business Wire
Beginning in April 2018, Discover will no longer require
signatures at the point of sale for credit and debit transactions
on the Discover Global Network in the United States, Canada, Mexico
and the Caribbean.
The change is part of Discover’s efforts to continually improve
the payment experience by speeding up the time spent at checkout
all while maintaining a high level of security for both customers
and merchants. Discover has already implemented a number of digital
authentication technologies such as tokenization, multi-factor
authentication, and biometrics that are more secure than requiring
a signature and provide a more seamless payment transaction.
“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.”
Merchants interested in no longer requiring a signature for
Discover Global Network transactions may need to update their point
of sale systems.
Some additional safety and security features from Discover
include:
- Chip technology in cards that, among
other security features, helps prevent card cloning by validating
that it is genuine every time it is used
- Discover® Digital Exchange that manages
payment credentials on mobile and digital devices, and enables
tokenization to secure the transaction
- For credit cardmembers who activate,
Discover will monitor thousands of risky websites and alert
Discover cardmembers if their Social Security number is found, or
if any new accounts are opened on their Experian® credit
report1
- Freeze ItSM, which enables cardmembers
to freeze their Discover card account in a matter of seconds to
prevent new purchases if they misplace their card
- Monitoring of every Discover card
purchase every day for every customer
- $0 Fraud Liability Guarantee on
unauthorized purchases made with a Discover card
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
equity loans, checking and savings accounts and certificates of
deposit through its direct banking business. It operates the
Discover Network, with millions of merchant and cash access
locations; PULSE, one of the nation's leading ATM/debit networks;
and Diners Club International, a global payments network with
acceptance in more than 185 countries and territories. For more
information, visit www.discover.com/company.
1Discover® Identity Alerts are offered by Discover Bank at no
cost, only available online, and currently include the following
services: (a) daily monitoring of your Experian® credit report and
an alert when a new account is listed on your report; (b) daily
monitoring of thousands of risky websites known for revealing
personal information and an alert if your Social Security Number on
is found on such a website. This information is intended for, and
only provided to, Primary credit cardmembers whose accounts are
open, in good standing and have an email address on file. The
Primary cardmember must agree online to receive identity alerts.
Identity alert services are based on Experian information and data
which may differ from information and data at other credit bureaus.
Monitoring your credit report does not impact your credit score.
This benefit may change or end in the future. Discover Bank is not
a credit repair organization as defined under federal or state law,
including the Credit Repair Organizations Act. To see a list of
Frequently Asked Questions, visit discover.com/freealerts.
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DiscoverRob
Weiss224-405-6304robertweiss@discover.com@Discover_News
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