article thumbnail

An Overview of Payment Regulation In The USA

Clearly Payments

Key Payment Regulations in The USA Electronic Fund Transfer Act (EFTA): Enacted in 1978, the EFTA establishes the rights, liabilities, and responsibilities of consumers and financial institutions engaged in electronic fund transfers (EFTs).

article thumbnail

Payment Rails Search For Harmony In B2B Payments

PYMNTS

While credit unions are eager to add RTP to their list of payment capabilities, CULedger recently revealed its proof of concept, CUPay, a technology that wields blockchain and existing payment rails to facilitate payments between credit unions.

B2B 52
article thumbnail

Credit Unions Find Opportunity In Payments Disruption

PYMNTS

These three concepts drive CULedger’s roadmap, with the latest initiative being its CUPay solution, designed to work with existing infrastructure and streamline payments between credit unions. ” Credit unions must have access to both legacy and emerging payment rails to meet changing needs among end users.