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MasterCard has announced it is officially retiring signature authentication for credit and debit card transactions. This is a huge step in the right direction of once and for all putting signature out to pasture to never be seen again.

According to recent analysis released by FMI, our industry pays over $167 billion in wages to its almost five million workers in the U.S. Our significant economic impact includes the $367 million in wages in House Speaker Paul Ryan’s district in Wisconsin as well as the over 11,000 jobs in House Minority Leader Nancy Pelosi’s congressional district in California. The industry has both a powerful and bipartisan effect on federal, state and local economies across the country.

Just two short months ago I started at FMI as the director of research. Through my first assignment, releasing the 67th edition of The Food Retailing Industry Speaks (Speaks) report, I quickly became immersed in the exciting and evolving food retail world. This survey of industry executives is designed to annually take the pulse of the industry. Having owned my own market research business for almost 20 years, I can certainly relate to the challenges and opportunities being navigated by food retailers through the turbulence facing the industry.

The most recent FMI U.S. Grocery Shopper Trends study found that nearly half of Americans see their “primary food store” as a significant ally in their attempts to achieve their health and wellness goals.

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