Change to Credit Card Transaction Signature Procedures

POS Offices

The United States Postal Service^® has been accepted into the “No Signature Program” for VISA, Mas­terCard, American Express, Discover, and JCB credit cards. Beginning October 22, 2008, POS ONE will print receipts for credit card transactions of $25.00 or less with­out a signature line on the USPS/Merchant copy of the receipt for these transactions. Not requiring customers to sign their receipt or having the clerk compare signatures for transactions of $25.00 or less will speed up transactions and help reduce wait time in line. Signatures will still be required for transactions exceeding $25.00, and receipts will reflect this with a line provided for signature.

There is no change to the policies and procedures cur­rently in place pertaining to storage and destruction of card receipts. USPS/Merchant receipts must continue to be stored in a secure environment and be made available should a copy be necessary.

Non-POS Offices

This no-signature change is also applicable to the Verifone Tranz 380 offices. However, the signature line will continue to print for all transactions until programming changes can be made to remove the signature line.

— Payment Technologies,
Treasurer, 10-23-08