Electronic Funds Transfer Act Amendment Passes Senate

What's Next In Payments®
3:43 PM EDT December 12th, 2012

The Senate has passed H.R. 4367, a bill that amends the Electronic Funds Transfer Act by removing the placard fee discloser requirement which many believe has led to frivolous lawsuits against ATM owners.

The bill passed by unanimous consent in the Senate and will now be sent to President Obama, reports the Credit Union Times.

Read the full story here.

Comments
Also by This Author
What's Hot
Mobile Commerce
Mobile POS Boosts Perry Ellis Transactions
Alternative Financial Services
Mt. Gox CEO Focused On Coffee During Corporate Collapse
International
Alipay’s Rakuten Tie-Up
News
As Square’s Profitability Shrinks, So Do Its Options
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Mobile Commerce
Mobile POS Boosts Perry Ellis Transactions
B2B Payments
B2B Gateway to Simplify Secure B2B Communications
Controversial
Why Israel is the Hot Bed for Payments Start-Ups
Alternative Financial Services
Mt. Gox CEO Focused On Coffee During Corporate Collapse
View All Articles ››