 Hello everyone, this is financial author Amit Dan of amitdan.com. On this channel, you'll find financial travel and more videos just like the one you're watching right now. If you like what you see, please give me the thumbs up and consider subscribing. MasterCard will eliminate signature requirements. Hello everyone, this is financial author Amit Dan of amitdan.com. Today I'll talk about MasterCard eliminating signature requirements for USA and Canada. I'm expecting this video about 3-4 minutes long. It is estimated that only 20% transactions in North America require signature for MasterCard customers. From my own experience, I can tell you that whenever I go to stores or anywhere to buy something, usually I never ask for any signatures. Very rarely, as to sign for a purchase if the machine had a problem or there's something else. So this is the common case in Canada that usually we do not have to deal with any signatures or anything. So MasterCard recently announced that starting 2018 April, they will be eliminating signature requirements totally or 100% for Canadian and American consumers. So what it means is that you will not be asked to sign anywhere in the USA and Canada and this is a total elimination and this is what MasterCard is working on right now. I think this is a step towards the right direction because even if we are asked to sign for any particular transaction, usually most people just sign which is not a real signature. We just like you know put a dot or just trying to circle something make it look like a signature but most of consumers do not bother to sign the full signature or the real signature. So eliminating signature totally will not make that much difference and this is going to make everyone's lives a lot easier because in USA and Canada you will not be asked to sign for anything starting next year. So that's all for now if you like what you see please give it a thumbs up and consider subscribing and on this channel you will find a variety of videos and there will be more videos coming up. Thank you for watching and I will see you shortly.