Global Fintech & Digital Assets

DECEMBER 21, 2023

Banks should therefore: maintain processes for handling merchandise returns and merchant disputes in a manner that is fair and matches disclosures provided to consumers; assess fraud risk and implement controls to mitigate those risks; consider operational risks unique to BNPL lending, such as those related to product returns or customer disputes; (..)

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. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.

Regulations 105

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

Nanonets

MAY 8, 2024

Dispute Handling : Stripe provides robust dispute handling mechanisms, enabling businesses to efficiently manage and resolve payment disputes, safeguarding revenue and maintaining customer trust. These detailed accounts serve as invaluable references, offering historical context and aiding in error resolution.

Reconciliation 52

Reconciliation Settlement Alternative Payment Methods Automation 52

Nanonets

MARCH 30, 2023

Electronic collaboration enables efficient error resolution compared to manual methods that rely on untracked emails and phone calls. This results in increased convenience, fewer frustrations and disputes, and a more peaceful working environment. Some technology providers guarantee accuracy.

Automation 52

Automation Transactions Wire Transfer ACH 52