Fi911

JANUARY 4, 2024

We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides. What Laws Govern Chargebacks in the US? Certain regulations known as “chargeback rules” are, in fact, based on legal statutes.

Disputes 92

Disputes Laws Rules Government 92

Stax

JULY 9, 2024

Regulatory and Compliance Issues with EFT Payments Regulatory and compliance issues surrounding EFT payments are critical for ensuring the security and integrity of electronic transactions. Businesses must adhere to these regulations to avoid penalties and ensure they are protecting sensitive financial data. Q: 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

They’re also subject to different rules and regulations. It’s meant to incentivize customers to pay using cash and reduce the costs associated with accepting electronic payment methods. You must also ensure compliance with card network regulations. 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

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. BNPL in US, UK, and EU Regulators’ Sights The Consumer Financial Protection Bureau (CFPB) has been actively monitoring BNPL activity in the consumer finance marketplace for some time now.

OCC 59

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

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. Regulation E also provides consumers with dispute and error resolution rights.

ACH 88

ACH Checks Identity Theft Payments 88

Payment Savvy

NOVEMBER 9, 2022

Regulations for EFT Payment Methods. The Electronic Fund Transfer Act (EFTA) is a federal law that establishes the rights and responsibilities of individuals who use EFT services. But overall, EFT payments are safe, efficient, and easy to use.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

Clearly Payments

FEBRUARY 8, 2024

This article aims to provide an in-depth overview of the key regulatory organizations, payment regulations, and prevailing trends that shape payment regulation in the USA. Why Payment Regulation Exists Payment regulation exists for ensuring the integrity, stability, and equity within the payment ecosystem.

Regulations 81

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 81