What does the Electronic Fund Transfer Act do?

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asked Jan 6, 2017 71.8k views

2 Answers

Danique · Answer 1 · 2017-01-08T12:21:58+0000

establishes the rights and liabilities of consumers as well as responsibilities of all contributors in electronic fund transfer activities

Sven Marnach · Answer 2 · 2017-01-11T08:59:01+0000

Answer:

Electronic Funds Transfer refers to a service that was originally intended to enable a customer to make payments to a merchant through an authorizing institution by exchanging electronic messages using POS (Point of Sale) computers and magnetic cards

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What does the Electronic Fund Transfer Act do?

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