BY ANDREW R. JOHNSON
Bank of America Corp. is throwing its muscle behind a credit-card technology aimed at cutting down on hassles U.S. cardholders may encounter when trying to make purchases while traveling abroad.
The Charlotte, N.C., bank said Monday it is including what are known as EMV chips in many of its consumer credit cards targeted at frequent travelers and high-net-worth customers. It also will include the technology in several of its mass-market consumer products, such as the BankAmericard Cash Rewards and BankAmericard cards, as an optional feature customers can request.
The move came as Visa Inc. and MasterCard Inc., the world?s largest ?
BY ANDREW R. JOHNSON
Bank of America Corp. is throwing its muscle behind a credit-card technology aimed at cutting down on hassles U.S. cardholders may encounter when trying to make purchases while traveling abroad.
The Charlotte, N.C., bank said Monday it is including what are known as EMV chips in many of its consumer credit cards targeted at frequent travelers and high-net-worth customers. It also will include the technology in several of its mass-market consumer products, such as the BankAmericard Cash Rewards and BankAmericard cards, as an optional feature customers can request.
The move came as Visa Inc. and MasterCard Inc., the world?s largest ?
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Source: http://topipadfinanceapps.com/bofa-to-offer-chip-technology-for-credit-cards/
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