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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

EFT payments have been around for many decades and have federal laws to protect the electronic transfer of funds. One such federal law is the Electronic Fund Transfer Act (EFTA) , which passed in 1978. One of the most frequently asked questions we see is, are EFT payments safe?

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An Overview of Payment Regulation In The USA

Clearly Payments

Key Payment Regulations in The USA Electronic Fund Transfer Act (EFTA): Enacted in 1978, the EFTA establishes the rights, liabilities, and responsibilities of consumers and financial institutions engaged in electronic fund transfers (EFTs).