Discussion Paper

Credit, debit, or ACH: consequences & liabilities a comparison of the differences in consumer liabilities

Abstract: A number of recent initiatives have encouraged use of debit cards and ACH debits/credits for Internet sales transactions. This paper outlines the different statutory and regulatory protections available to consumers and financial institution based upon the method by which payment is made.

Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Occasional Paper; Emerging Payments

Publication Date: 2001

Number: EPS-2001-3