Answer:
Individual Visa/Mastercard debit card transactions are not subject to a right of stop payment. But if a cardholder has authorized a series of charges to the card (e.g., to pay monthly Internet Service Provider (ISP) fees), there is a right, under Regulation E, to cancel that authorization.
Your bank may set up a "stop" on the customer's account to facilitate the return of EFTs for lack of authorization, but it's not a true "stop payment."
First published on BankersOnline.com 8/18/03