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In an October blog post about the pending changes, Master Card said that more than 4 out of 5 transactions in North America didn't require a signature at checkout.

Getting rid of the signature requirement "is another step in the digital evolution of payment and payment security," Master Card executive vice president Linda Kirkpatrick wrote in the blog post.

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Getting rid of signatures will "speed customers through checkout, provide more consistent experiences for every customer with every purchase and should decrease costs associated with safely storing signatures," she added.It doesn't mean that you won't be asked to sign receipts ever again, but the change is likely to result in fewer of your John Hancocks landing on the dotted line.