Person to Person Payments

Posted By: Skbanker

Person to Person Payments - 06/16/20 04:45 PM

Our bank in implementing person to person payments within our online banking services and I wondered if anyone had a sample policy they could send me for that? Should this be included in the EFT (reg E) policy?
Posted By: osucpa

Re: Person to Person Payments - 06/16/20 06:16 PM

Not to be critical but why would you need a separate policy? I would assume this type of transaction could be covered in a Electronic Banking Policy.
Posted By: InFairness, CRCM

Re: Person to Person Payments - 06/22/20 08:53 PM

I would include in the EFT policy rather than as a separate policy.
Posted By: Skbanker

Re: Person to Person Payments - 06/26/20 03:01 PM

It comes through as an ACH though.