Rule would allow two new same-day settlement windows for three ACH network settlements each day.
Guidelines aim to reduce the incidence of ACH transactions that result in exceptions and returns.
Retailers displeased with U.S. District Court Judge John Gleeson's adjudicated settlement of litigation surrounding credit card interchange appealed his decision last week.
Some retailers appeal a settlement other retailers had reached with Visa, MasterCard and six major banks.
Electronic payments association will implement real-time availability in three phases.
Letter to senators seeks passage of patent troll defense legislation.
A U.S. District Court judge gutted the Federal Reserve’s debit card regulatory regime July 31, ruling the Fed rule disobeyed the law and ordering the regulator to rewrite it.
Wendy's exec says reduced fraud costs may not offset expense of creating POS system for chip cards.
Navy Federal, SECU, BECU, Golden 1 and America First on list.
Trade groups send clearing house letters offering their input on proposed notification, authorization rules amendments.