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#57648 - 01/29/03 06:00 PM Electronic Credit Card Payments
Anonymous
Unregistered

Are these subject to Regulation E? Or are the covered by NACHA rules only? Eg. Signing on a credit card company's webiste to intiate payments from another bank account.

Thanks.


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Operations Compliance
#57649 - 01/29/03 06:03 PM Re: Electronic Credit Card Payments
Anonymous
Unregistered

These are ACH's and fall under same rules.

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#57650 - 01/29/03 06:59 PM Re: Electronic Credit Card Payments
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
The transaction will be subject to Reg. E with regard to the debit to the consumer account at the receiving bank. Also subject to NACHA rules.
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John S. Burnett
BankersOnline.com
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