Electronic Fund Transfer Act (EFTA) Payment Networks Payment Solutions 
Stax
NOVEMBER 11, 2024
ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% in payment volume growth in Q4 2021. in Q4 2021.
Clearly Payments
FEBRUARY 8, 2024
Moreover, by establishing rules for payment networks and financial institutions, regulation mitigates systemic risks and fosters fair competition, thereby enhancing market efficiency. These state agencies add another layer of regulation, contributing to the complexity of the regulatory landscape.
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