Goodbye to signing on MasterCard cards to pay with Apple Pay -


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Friday, 20 October 2017

Goodbye to signing on MasterCard cards to pay with Apple Pay

For a couple of days, CaixaBank customers (formerly La Caixa) have joined Banco Santander as exclusive users in our country of Apple Pay thanks to an agreement between the banks with Cupertino. However, the expansion of Apple Pay goes much slower than anticipated .

Apple has a hard time closing deals and in some cases, the age of the card and its verification procedures are slow and make it pay for the mobile phone to lose that essence fast and efficient. One of the causes is precisely the signature with the MasterCard, an outdated method that in theory would serve to verify your identity when compared to the signature of the card.

Fortunately, in 2018, it plans to withdraw signatures for both MasterCard credit and debit cards in the United States and Canada. We imagine that this measure will spread to other countries, but as is customary, we will have to wait a little longer.

That signing is not necessary does not imply that the cards are less secure , in fact there are more advanced security measures. As Linda Kirkpatrick, Executive Vice President of Mastercard, explains:

    Our current security and safety network combined with new payment methods that include chip, tokenization, biometric techniques and specific digital platforms employ newer and more secure methods to verify identity. 

So besides being more comfortable and fast, it will also be safer . And it is that, old fashioned was that of having to sign and in fact, how innocuous: how many establishments have you seen that match your signature with the one on the back of your card? The trend is clear towards chip without contact and the introduction of PIN, depending on the amounts to be paid. 

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