Remove Article Remove Electronic Fund Transfer Act (EFTA) Remove Funds Transfer
article thumbnail

The Basics of Electronic EFTs: What is an Electric Funds Transfer?

EBizCharge

With the introduction of electronic funds transfers (EFTs), gone are the days of paper checks and manual money handling. This article will dissect EFTs to help you understand their importance, how these transactions work, and the various payment methods involved. What is an electronic funds transfer (EFT)?

article thumbnail

Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

Fi911

The Electronic Fund Transfer Act (EFTA) Enacted in 1978, EFTA regulates bank responses to consumer complaints and sets liability limits for lost or stolen debit cards. It was a response to emerging technologies like ATMs, electronic POS terminals, and remote banking.

article thumbnail

What Is an EFT Payment?

Payment Savvy

In this article, we will answer the question of what an EFT payment is, and we’ll also discuss the different types of ETF payments, the benefits of using EFT payments, and the risks associated with this type of payment. These can include using a credit or debit card, an electronic check, or an ACH (Automated Clearing House) transfer.

article thumbnail

What is a Cash Discounting Program and How Does It Work?

Stax

In this article, we’ll look at what a cash discount program is and how to set it up properly. Settling these costs from your profits can be a huge setback for any business owner. But you can always encourage your customers to pay with cash through a cash discount program.

article thumbnail

An Overview of Payment Regulation In The USA

Clearly Payments

This article aims to provide an in-depth overview of the key regulatory organizations, payment regulations, and prevailing trends that shape payment regulation in the USA. It covers disclosures, error resolution procedures, and limitations on consumer liability for unauthorized transfers.