PYMNTS

JANUARY 25, 2018

The rule, initially passed, also modified requirements for the prepaid card industry in regards to official procedure on lost or stolen cards, error resolution and investigation, fee disclosures, access to account information and overdraft features, if offered in conjunction with prepaid accounts.

CFPB 52

CFPB Consumer Financial Protection Bureau (CFPB) Rules Error Resolution 52

Global Fintech & Digital Assets

DECEMBER 21, 2023

In addressing BNPL lending for the first time in the present Guidance, the OCC is flagging for supervised banking institutions the potential risks surrounding a payment arrangement that is growing in availability and popularity among consumers.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Stax

NOVEMBER 11, 2024

Because check payments include not only the bank account number but also name and address, this payment method is not a recommended option. NACHA also requires businesses to take responsibility for reversals in the event of errors or duplicate transactions. Regulation E also provides consumers with dispute and error resolution rights.

ACH 88

ACH Checks Identity Theft Payments 88

Global Fintech & Digital Assets

OCTOBER 31, 2023

The DFAL provides a safe harbor for a Covered Exchange’s failure to achieve best execution for a given transaction if it has properly created, implemented, and monitored its best execution policies and procedures.

Laws 52

Laws Stablecoins Issuers Legal 52

Nanonets

JUNE 18, 2024

It also helps prevent and detect theft and fraud earlier, assisting organizations to comply with financial regulations such as the Sarbanes-Oxley Act (SOX) , which mandates that publicly traded companies establish internal controls and procedures for financial reporting. Task Assignments : Automatically assign tasks to resolve discrepancies.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

Nanonets

MAY 8, 2024

Standardize Operations : The design of standardized procedures for reconciliation fosters uniformity and precision. These detailed accounts serve as invaluable references, offering historical context and aiding in error resolution. It helps to document these protocols and ensure adherence across the organizational spectrum.

Reconciliation 52

Reconciliation Settlement Alternative Payment Methods Automation 52

Nanonets

OCTOBER 1, 2024

Company Policies: Guide internal procedures for invoice processing Now, let’s put them all together to understand the validation process: 1. Graph comparing invoice error resolution time between top and bottom performers| Source Invoice validation is a complex process that can be hindered by various challenges.

Best Practices 40

Best Practices Automation Multi-Currency Process 40