Digital payments have become the norm in our modern economy. While paper-based payment methods, such as cash and checks, are still widely accepted, the electronic movement of money is usually a more ...

In an apparent departure from decades of jurisprudence acknowledging the exemption of wire transfers from the ambit of the Electronic Funds Transfer Act (EFTA or the Act), one federal district court ...

Wells Fargo has announced a series of updates to its electronic transfer policy, effective May 22, 2025. These changes will enable the bank to reject or delay any transaction it considers irregular or ...

The top United States agency for consumer financial protection is considering using the Electronic Fund Transfer Act (EFTA) to protect consumers from fraudulent crypto transfers. Speaking at an Oct. 6 ...

President Donald Trump looks on during a cabinet meeting in the White House on March 24, 2025, in Washington, D.C. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) The federal government will shift ...

The Treasury Department building is seen in Washington, D.C., on Jan. 19, 2023. (Photo by SAUL LOEB/AFP via Getty Images) Four months ahead of a deadline to shift the federal government from ...

Insurers or their vendors are charging physician practices and hospitals fees ranging from 2% to 5% of claims payments for electronic funds transfer transactions. One of the sponsors of legislation ...