consumers and banks or other financial institutions in the context of EFTs. These include transfers withautomated teller machines (ATMs),point of saletransactions, andAutomated Clearing House (ACH)systems. Rules pertaining to consumer liability for unauthorized card usage fall under this regulation as ...
Protection under the EFTA includes transfers made via ATMs, debit cards, direct deposits, point-of-sale, and phones. Understanding the Electronic Fund Transfer Act (EFTA) Electronic fund transfers are transactions that use computers, phones, or magnetic strips to authorize a financial institution to ...