Debit Transaction, MFA and Nacha Rules

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

Stax

JULY 9, 2024

Regulatory and Compliance Issues with EFT Payments Regulatory and compliance issues surrounding EFT payments are critical for ensuring the security and integrity of electronic transactions. EFT Payments vs Credit Card Payments While debit transactions are EFT payments, credit card payments are not.

Electronic Fund Transfer Act (EFTA)

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer

How to Stay Compliant with NACHA Requirements

EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. Authorization requirements Before initiating ACH debit transactions, NACHA requires that entities obtain explicit, written authorization from the customer.

NACHA

NACHA Nacha Rules ACH Network ACH

Payments Space

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

How to Stay Compliant with NACHA Requirements

Webinars

Stay Connected