CFPB’s Newest Rule Highlights a Need for Compliant Payment Processing.
Discover the Secrets to Business Success: Explore Our Latest White Papers on Payment Processing, Convenience Fees, and Regulatory Compliance.
CFPB’s Newest Rule Highlights a Need for Compliant Payment Processing.
Electronic payment solutions have numerous benefits for businesses, from reducing internal inefficiencies, improving cash flow and elevating customer relationships.
The digital transformation has left no industry untouched, and changes to financial services are moving particularly swiftly. Disruptive technology has created alternative solutions to manage financial transactions, which consumers are eager to adopt.
As of June 9, 2023, a broader definition of “financial institution” now includes many businesses not previously categorized as such, subjecting them to the FTC’s jurisdiction. This amendment to the Safeguards Rule also introduces additional compliance requirements. In this white paper, we’ll delve into these new requirements and discuss simplifying compliance from a payment processing standpoint.
Optimize preauthorized ACH and debit card payments for regulatory compliance.
CFPB’s Newest Rule Highlights a Need for Compliant Payment Processing.
Electronic payment solutions have numerous benefits for businesses, from reducing internal inefficiencies, improving cash flow and elevating customer relationships.
The digital transformation has left no industry untouched, and changes to financial services are moving particularly swiftly. Disruptive technology has created alternative solutions to manage financial transactions, which consumers are eager to adopt.
As of June 9, 2023, a broader definition of “financial institution” now includes many businesses not previously categorized as such, subjecting them to the FTC’s jurisdiction. This amendment to the Safeguards Rule also introduces additional compliance requirements. In this white paper, we’ll delve into these new requirements and discuss simplifying compliance from a payment processing standpoint.
Optimize preauthorized ACH and debit card payments for regulatory compliance.
CFPB’s Newest Rule Highlights a Need for Compliant Payment Processing.
PaymentVision provides secure and simple payment processing solutions with gateways for processing credit cards, ACH, debit cards and checks.
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