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

When you’re selling products or services that cost thousands of dollars, you end up paying hundreds of dollars in credit card fees. Because check payments include not only the bank account number but also name and address, this payment method is not a recommended option. This also makes ACH payments ideal for high-value transactions.

ACH 88

ACH Checks Identity Theft Payments 88

Global Fintech & Digital Assets

OCTOBER 31, 2023

However, “compensation” appears to be interpreted broadly and will include any direct or indirect compensation for activities not only covered by the DFAL but also for provision of any other digital asset products or services.

Laws 52

Laws Stablecoins Issuers Legal 52

Nanonets

OCTOBER 1, 2024

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. Suppliers can upload invoices directly, reducing errors and ensuring data accuracy. These include: 1. Manual receiving of invoices Nearly 49.7%

Best Practices 52

Best Practices Automation Multi-Currency Process 52

Clearly Payments

FEBRUARY 8, 2024

It monitors and enforces regulations related to payment products and services to ensure fair treatment and transparency for consumers. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.

Regulations 85

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 85

Fintech Finance

APRIL 29, 2024

Unlocking a host of advantages, CoP empowers Direct Debit and Direct Credit users with a proactive approach to error resolution. By catching errors at the signup stage, users can swiftly address issues while engaging with customers on the phone or website, ensuring a seamless experience.

Error Resolution 93

Error Resolution Payee Payment APIs and Integration Payments 93