Global Fintech & Digital Assets

DECEMBER 21, 2023

The safety and soundness of the overall financial system, coupled with the mitigation of adverse customer outcomes, remain the OCC’s top priorities generally, and in the BNPL lending market specifically. Third-Party Risk Banks furnishing BNPL loans may not have direct control over the activities of third-party vendors or merchants.

OCC 59

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

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. Division of duties : Errors and fraud can be mitigated by dividing responsibilities.

Reconciliation 52

Reconciliation Settlement Alternative Payment Methods Automation 52

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 83

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Error Resolution 83