Live
- UpStudy: The Smart Solution for Homework Hassles
- Actress Rithika and models inaugurate Sutraa Lifestyle Exhibition
- Loud campaign
- Faculty students celebrated english literature day in Government Degree College
- Huge fire accident.. Shops of street vendors burnt in the fire
- Pawan Kalyan promises to protect the coastal area from sea erosion
- EC Transfers Two Senior IPS Officers in AP ahead of Elections
- DMK analysis predicts victory for INDIA bloc in TN but concedes gains for BJP and NDA too
- India showcasing innovative technologies at World Energy Congress
- IPL 2024: Mitchell comes in for Ravindra as Lucknow opt to bowl first against Chennai
American Express eliminating signature requirement post credit card purchases
Multinational financial services corporation American Express has announced that its users will no longer be required to sign after making credit card purchases, starting April 2018.
New York [USA]: Multinational financial services corporation American Express has announced that its users will no longer be required to sign after making credit card purchases, starting April 2018.
The New-York based conglomerate is doing away with signatures globally, and just in the US, contrary to the current policy, reports The Verge.
The decision follows the advancement in fraud detection on the behalf of the company, which has led to the elimination of signatures to fight fraudulent activities.
Amex has also highlighted an improvement in contactless payments, rising popularity of online shopping, and the use of "advanced machine learning algorithms" to help prevent fraud more efficiently than comparing a signature, as noted by Jaromir Divilek, an executive VP at American Express.
