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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

One of the most frequently asked questions we see is, are EFT payments safe? EFT payments have been around for many decades and have federal laws to protect the electronic transfer of funds. One such federal law is the Electronic Fund Transfer Act (EFTA) , which passed in 1978.

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An Overview of Payment Regulation In The USA

Clearly Payments

Financial Institutions: Banks, credit unions, and other financial institutions that offer payment services are subject to regulatory oversight by federal and state agencies, as well as compliance with payment network rules and standards. Faster Payments: The Federal Reserve is spearheading efforts to modernize the U.S.