Law provides protection that a substitute check is the legal equivalent of the original check

A Consumer protection law for EFT's

A State Law for wholesale payments

Law that regulates check processing thru the Reserve banks

Code of Federal regulations for Federal ACH Payments

Code of Federal Regulations for Treasury Bills and Securities

Federal Reserve Banks ACH Operator Guidelines

Law that prescribes Federal Reserve Account Requirements

Office of the Comptroller of the Currency and applies to national banks

Describes limited liability and constructive knowledge of a death of a benficiary

covers all electronic fund transfers including transfers occurring through an electronic terminal, computer, telephone, or magnetic tape

Code of Federal regulations for EFTPS tax payments

Includes disclosure definitions required to Corporate customer, Originators and Receivers

Covers check collection and returns, cash and non-cash items processed through Federal Reserve Banks and funds transferred through Fed Wire

Includes the FOMF File (Financial Organization Master File)

Code of Federal Regulations covering Book Entry Securities and Treasury Notes

Implements the Expedited Funds Availability Act of 1987

Dictates a specific number of days the bank may delay the customer's access to the deposited funds

Law that defines when banks must fund deposits after a certain time

Consumer payroll card accounts are covered by this regulation

Law which defines transaction vs. non-transaction accounts

Defines the requirement that top management be involved in selection of Payment System use for National Banks.

Specifies the procedures used in reclamations of Government Benefit payment originated on behalf of the federal government.

Law defines that consumer error resolution process for consumer EFT disputes must be disclosed to end users

State law that defines a negotiable instrument, and collection of checks, some terms may be altered by state

Federal Law that fights money laundering and financial crimes

Federal Law that outlines the Suspicious Activity Reporting

A 1980 law that gave the Fed greater control of nonmember banks and makes all financial institutions more competitive

A federal law that extended the Fed's control to thrift institutions and non-member commercial banks

Office of Foreign Asset Control

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Defines actions by an FI for international and domestic transactions, and administers economic sanctions and embargo programs that require asset of targeted parties to be blocked or frozen

Defines basic rights and obligations of consumers and FI's for use of EFT systems (includes ACH, Debit Cards, Payroll Cards and Gift Cards)

Federal Law that defines the upward limit for withdrawals from savings accounts

Defines that the Government has 120 days to reason to knowledge of a gov't benefit recipients death

Guidance for Electronic Payments Risk including Retail Payments, RDC and Internet Banking

Defines the opening of business

Defines the Standard Entry Class codes for ACH payments

Describes the process for Commercial Benefit Reclamations

Defines the ACH Processing Windows

Law that required the Federal Reserve to fully charge for the services it provides, thus making the payments marketplace more competitive.

Law defining the provision extending truth-in-lending disclosures to consumers

Implements the Truth in Lending Act requiring credit institutions to inform borrowers of the true cost of obtaining credit.

A set of rules issued by the Federal Reserve Board of Governors to implement the provisions of the Truth-in-Lending Act.

Also known as the Gramm-Leach-Bliley Act; Privacy of Consumer Financial Information

Regulates Personal/Private information of customers; banks cannot share

Law outline gambling regulations

Operating Circular for the processing of Checks at the Federal Reserve.

Law requiring FI's to disclose to consumers that they will receive a 10 day notice when there is a change to dollar amount in their ACH transaction differing from the original authorization

Law requiring virtually all non-tax related payments by the Federal Government be made via EFT.

Requirements for the distribution of Federal and State Government Payments