Electronic Fund Transfer Act (EFTA) Laws Legal 
Fi911
JANUARY 4, 2024
Well, from a legal standpoint, there’s actually quite a lot. What Laws Govern Chargebacks in the US? What Laws Govern Chargebacks in the US? Certain regulations known as “chargeback rules” are, in fact, based on legal statutes. While they are not legal mandates, they are enforced with the same rigor.
Stax
JULY 9, 2024
Failure to comply with these regulations can lead to significant consequences, including fines and other legal actions. EFT payments have been around for many decades and have federal laws to protect the electronic transfer of funds. One of the most frequently asked questions we see is, are EFT payments safe?
Stax
SEPTEMBER 24, 2024
It’s meant to incentivize customers to pay using cash and reduce the costs associated with accepting electronic payment methods. Cash discount programs are legal in all states in the U.S. You can even implement both as long as you understand the legal implications. On the other hand, cash discounts are legal everywhere.
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.
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. The ACH network is governed by a variety of regulatory bodies.
Clearly Payments
FEBRUARY 8, 2024
Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance. It oversees compliance with federal banking laws, including those governing payments.
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