Electronic Funds Transfer (EFT): The electronic exchange (transfer of money from one bank account to another), either within a single financial institution or across multiple institutions, through ...

New York Attorney General Letitia James filed a lawsuit against Citibank accusing it of neglecting to protect its customers ...

The Electronic Funds Transfer Act protects consumers from liability for unauthorized transfers from their accounts.

A federal judge on Tuesday rejected Citigroup's bid to dismiss a lawsuit by New York Attorney General Letitia James claiming ...

On January 10, 2025, the Consumer Financial Protection Bureau (CFPB) issued a proposed interpretative rule that would extend the consumer protections of the Electronic Funds Transfer Act (EFTA ...

Interac e-transfers are a form of electronic funds transfer facilitated by the online payment system, Interac. Payments are nearly instant, and the only information you need to send an Interac e ...

Citigroup faces legal challenges as fraud claims proceed, exposing flaws in its security systems & raising concerns over ...

An online account is typically funded by either direct deposit or electronic funds transfer, which can be facilitated at account opening. Learn More How to Open a Checking Account Online How do ...

The Consumer Financial Protection Bureau made a bid in the last days of the Biden administration to better protect consumers ...

Nigeria Inter-Bank Settlement System (NIBSS) says the total value of instant payments in 2024 increased to N1.07 quadrillion ...