U.S. banks and credit unions in 2009 brought in $19 billion from debit interchange fees. Now they have to figure out a way to make up that lost revenue. By charging a fee for debit use, banks could make up the difference in lost debit income and enhance their debit security. The Fed is offering an interchange bonus for investments tied to debit-fraud prevention. It could be just the incentive they need to seriously consider making strategic moves toward chip and PIN technology, such as EMV.”]
Source: https://www.cuinfosecurity.com/blogs/will-bofa-debit-fee-help-fight-fraud-p-1075