The new rule announced by the Consumer Financial Protection Bureau is estimated to eliminate $5 billion of such fees annually.
The Interac Association said that chip and PIN technology are helping to decrease fraud in Canada, but the U.S. lags in use of the technology.
The new rule announced by the Consumer Financial Protection Bureau is estimated to eliminate $5 billion of such fees annually.
The Interac Association said that chip and PIN technology are helping to decrease fraud in Canada, but the U.S. lags in use of the technology.