PYMNTS

JANUARY 25, 2018

The Consumer Financial Protection Bureau (CFPB) has extended the effective date on its 2016 prepaid card rule, among other modifications announced today (Jan. The rule change has drawn some early praise from industry sources. By 2020, analysts forecast that $116 billion per year will be loaded onto prepaid cards.

CFPB 52

CFPB Consumer Financial Protection Bureau (CFPB) Rules Error Resolution 52

Stax

NOVEMBER 11, 2024

NACHA Rules and Requirements T he National Automated Clearing House Association (NACHA) is the primary organization overseeing the ACH network. Compliance with NACHA’s rules is crucial for businesses to maintain access to the ACH network, and failure to comply can lead to fines or loss of ACH privileges.

ACH 88

ACH Checks Identity Theft Payments 88

Nanonets

JUNE 18, 2024

Difficulty in error resolution: Without a properly documented and structured reconciliation process in place, it can be very difficult to resolve errors effectively. As the deadline approaches, the pressure increases, leading to potential burnout and an increased likelihood of errors.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52

FICO

MARCH 9, 2020

Starting in April 2019, prepaid debit card users have been better protected thanks to a ruling by the Consumer Financial Protection Bureau.

AI 52

AI Fraud Detection Debit Card Error Resolution 52

Nanonets

MARCH 30, 2023

Payment Approvals: In the payment authorization phase, automation may entail establishing encoding rules within the software to initiate payments. Electronic collaboration enables efficient error resolution compared to manual methods that rely on untracked emails and phone calls. Some technology providers guarantee accuracy.

Automation 52

Automation Transactions Wire Transfer ACH 52

Nanonets

OCTOBER 1, 2024

Approval routing Based on predefined rules, invoices are routed to the appropriate approver(s). Graph comparing invoice error resolution time between top and bottom performers| Source Invoice validation is a complex process that can be hindered by various challenges. This routing typically considers invoice amount (e.g.,

Best Practices 40

Best Practices Automation Multi-Currency Process 40

Global Fintech & Digital Assets

OCTOBER 31, 2023

Prospective licensees may look to DFS regulations, rules, and guidance that the DFAL generally defers to as a “best practices” guide to ensuring compliance with the DFAL, especially with respect to matters addressed by DFS on which the DFAL remains silent.

Laws 52

Laws Stablecoins Issuers Legal 52