The Electronic Fund Transfer Act (EFTA) is intended to protect individual consumers engaging in electronic fund transfers (EFTs) and remittance transfers to include:

 

•   transfers through automated teller machines (ATMs);

•   point-of-sale (POS) terminals;

•   automated clearinghouse (ACH) systems;

•   telephone bill-payment plans in which periodic or recurring transfers are contemplated;

•   remote banking programs; and

•   remittance transfers.

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