Fi911

JANUARY 4, 2024

What Laws Govern Chargebacks in the US? The Electronic Fund Transfer Act (EFTA) Enacted in 1978, EFTA regulates bank responses to consumer complaints and sets liability limits for lost or stolen debit cards. The post Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

Disputes 92

Disputes Laws Rules Government 92

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) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Stax

SEPTEMBER 24, 2024

You need to take note of the various laws and regulations to avoid running into legal issues. Here’s a step-by-step process to help you do it the right way: Understand laws and regulations As we’ve mentioned, cash discount programs are legal in all states in the U.S. Also, you must be aware of state-specific laws and regulations.

Credit Cards 88

Credit Cards Electronic Fund Transfer Act (EFTA) Push-to-Card Debit Card 88

Global Fintech & Digital Assets

DECEMBER 21, 2023

Compliance Risk Compliance with various consumer protection-related laws and regulations [1] is critical for banks furnishing BNPL loans to ensure that obligations are understood and met on both sides of the transaction.

OCC 59

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

Payment Savvy

NOVEMBER 9, 2022

The Electronic Fund Transfer Act (EFTA) is a federal law that establishes the rights and responsibilities of individuals who use EFT services. And if you’re ever unsure whether a payment has been processed correctly, contact your bank or financial institution for help.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

Stax

NOVEMBER 11, 2024

For example, a law firm typically bills clients multiple times either for installment payments or ongoing hourly charges. Since these transactions are usually recurring and on the larger side, ACH transfers are an easy way to simplify the bill pay process.

ACH 88

ACH Checks Identity Theft Payments 88

Clearly Payments

FEBRUARY 8, 2024

It oversees compliance with federal banking laws, including those governing payments. Federal Trade Commission (FTC): The FTC is responsible for enforcing antitrust laws and protecting consumers from deceptive or unfair business practices, including those related to payments.

Regulations 105

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