Remove ACH Remove Reg E Remove Same Day ACH
article thumbnail

Securing The Speed Of Securities Transactions

PYMNTS

As T+3 was being implemented in the early 90s, the concept of using ACH was raised, but there were two problems that, at the time, were insurmountable. Financial institutions, on the other hand, had no ready way to identify securities settlement transactions from other debits that would be subject to Reg. A Window Of Opportunity.

Reg E 46
article thumbnail

Orum Launches No Code Verify Solution, Expands Access to Instant Bank Account Verification

Fintech Finance

Is built on RTP and FedNow with a Same Day ACH fallback – guaranteeing coverage of all consumer and business bank accounts in the U.S. Offers an additional layer of verification via an Account Control option tier to ensure the end-user has control of the account – helping combat “friendly fraud” caused by Reg E abuse.