I leave late next week for my delayed honeymoon, and we’ll be spending time in both Seattle and Vancouver. It’s funny–at first, I figured I would just use my normal debit card in Canada. We both use currency called dollars, and so many things about the countries are so similar. I quickly realized that while the value is very similar, a Canadian dollar is still different from an American dollar, and I would incur a foreign transaction fee for every payment.
The transaction processing giant, under pressure from federal and state regulators, dropped a rule that treated PIN-based purchases differently from signature-based debit buys. It means more consumers will zip through drugstore lines.