Stax

MARCH 27, 2025

Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Stax

NOVEMBER 11, 2024

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. The average consumer commonly uses the ACH network for automated bill payments and larger transactions. Regulation E also provides consumers with dispute and error resolution rights.

ACH 88

ACH Checks Identity Theft Payments 88

Global Fintech & Digital Assets

DECEMBER 21, 2023

Operational Risk Banks furnishing BNPL loans via automated processes “with instantaneous credit decisioning and frequent strong reliance on third parties” may experience higher rates of borrower fraud and default.

OCC 59

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

Clearly Payments

FEBRUARY 8, 2024

Through transparent disclosures, dispute resolution mechanisms, and limits on consumer liability, regulations shield consumers from deceptive practices and ensure their financial well-being. These state agencies add another layer of regulation, contributing to the complexity of the regulatory landscape.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105