Stax

NOVEMBER 11, 2024

In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% ACH payments are consistently ranked as one of the safest payment methods a business can accept, and are regulated by the Federal Reserve Bank and Electronic Fund Transfer Act. The ACH network is governed by a variety of regulatory bodies.

ACH 88

ACH Checks Identity Theft Payments 88

Global Fintech & Digital Assets

OCTOBER 31, 2023

The DFAL contains an exclusion for persons that contribute “only connectivity software … to a protocol governing transfer of the digital representation of value.” Creators of DeFi protocols also appear to not be included, although questions arise on whether providers of interfaces to such protocols would be covered. 6] 23 NYCRR Part 200.

Laws 52

Laws Stablecoins Issuers Legal 52

Clearly Payments

FEBRUARY 8, 2024

Key Regulatory Organizations in The USA Federal Reserve System: The Federal Reserve , often referred to as the Fed, plays a central role in overseeing the nation’s payment systems. Department of the Treasury, the OCC supervises and regulates national banks and federal savings associations.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105