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#1190877 - 05/27/09 04:26 PM Recourse for fraudulent billpayer transactions?
Ngoc Offline
Member
Joined: Aug 2007
Posts: 80
We are starting to offer billpayer with Mastercard, the transaction will be an electronic withdrawal for the customer and it is covered under Reg E. If a transaction occurred fraudulently, is there any recourse for the bank?

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eBanking / Technology
#1191777 - 05/28/09 04:54 PM Re: Recourse for fraudulent billpayer transactions? Ngoc
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
You should look to your agreement with MasterCard, including any operational guides for the bill payment service. That will describe any recourse.
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John S. Burnett
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