article thumbnail

Reg E Refresher: Stay Compliant and Out of the Spotlight

Innovative Payments Association

Session 1: IPA Compliance Boot Camp ​Reg E, which governs electronic fund transfers and consumer protections under the Electronic Fund Transfer Act, remains a cornerstone of compliance in the payments industry. Why Reg E Matters Now Despite the change in regulatory leadership, Regulation E remains a key area of focus.

Reg E 40
article thumbnail

Reg E in Focus: CFPB Enforcement and Compliance Tips

Innovative Payments Association

Regulation E, also known as the Electronic Fund Transfer Act, is a federal regulation that governs electronic transfers of funds, such as ATM transactions, debit card transactions, and direct deposits. Disclosures should include information about fees, error resolution procedures, and consumer rights under Regulation E.

Reg E 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FICO Fights Prepaid Card Fraud with AI and Machine Learning

FICO

Beyond the ubiquitous gift cards, which are loaded once for a fixed amount, other types are reloadable and are used for applications such as payroll, government benefits, and health savings account (HSA) spending cards. It projects the market to grow at an annual rate of around 10%, reaching $428 billion in 2021.”.

AI 52
article thumbnail

5 Benefits of ACH Payments Over Check Payments

Stax

In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% The ACH network is governed by a variety of regulatory bodies. Under Regulation E, businesses must disclose essential information about ACH payments to consumers, including terms of use, transaction fees, and dispute resolution procedures.

ACH 88
article thumbnail

California Adopts Digital Financial Assets Law

Global Fintech & Digital Assets

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
article thumbnail

An Overview of Payment Regulation In The USA

Clearly Payments

It oversees compliance with federal banking laws, including those governing payments. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.