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The same study indicates a 72% increase in accounttakeover since 2019. Under Regulation E, businesses must disclose essential information about ACH payments to consumers, including terms of use, transaction fees, and dispute resolution procedures. Regulation E also provides consumers with dispute and errorresolution rights.
Electronic collaboration enables efficient errorresolution compared to manual methods that rely on untracked emails and phone calls. Collaboration between suppliers and internal stakeholders is facilitated, and business intelligence is used to identify problem suppliers. Some technology providers guarantee accuracy.
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