Given the rapid changes in the types of electronic payments and devices,
there is often confusion regarding whether Reg E applies or whether NACHA, UCC,
or Visa/MC rules apply. For example, does Reg E apply to remote deposit capture
or to electronic check presentment? What if the transaction started as a paper
check but was converted to an ACH debit? What if your institution has adopted a
“zero liability” program under the Visa/MC rules? If the ATM/debit card had an
EMV chip, can the liability for the loss be shifted to the merchant or ATM
operator? This webinar will explain how to determine if Reg E applies in each
situation and how to handle unauthorized electronic fund transfers under Reg E.
It will also explain those situations when the NACHA, UCC, or Visa/MC rules
apply to the unauthorized electronic fund transfer.
types of transactions does Reg E cover?
- Your institution’s
responsibilities under Reg E
- How to determine which rules apply: Reg E,
NACHA, Visa/MC, or UCC
- The “dead zone” between the NACHA and Reg E rules
- Risk of not using EMV chip-enabled equipment
Elizabeth Fast, JD, CPA, Spencer Fane LLP