Electronic Fund Transfer Act (EFTA) and Identity Theft

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

Stax

JULY 9, 2024

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?

Electronic Fund Transfer Act (EFTA)

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

5 Benefits of ACH Payments Over Check Payments

Stax

NOVEMBER 11, 2024

Not only does this pass through more hands and take more time than an electronic ACH payment , but there is also a huge amount of personal information present on a paper check, exposing the payer to potential identity theft. Beyond the inconvenience of mailing a paper check, there is an increased risk of identity theft.

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ACH Checks Identity Theft Payments

Payments Space

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

5 Benefits of ACH Payments Over Check Payments

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