We are just starting to offer CHIP Cards and Contactless cards. Would we have to specify that the card is a CHIP/Contactless card in the EFT Disclosure for this? It is still a Debit card and will replace our current debit card.
TIA

I doubt it. Do you currently say they have to swipe the card for a POS transaction? What they do at the terminal is not required to be disclosed under Regulation E.

Agree with Randy. This is not a new product, just another access device issued for accessing an existing product. They're debit card transactions regardless of how the card accesses the account.