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

Author

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  • Ann H. Spiotto

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.

Suggested Citation

  • Ann H. Spiotto, 2001. "Credit, debit, or ACH: consequences & liabilities a comparison of the differences in consumer liabilities," Occasional Paper; Emerging Payments EPS-2001-3, Federal Reserve Bank of Chicago.
  • Handle: RePEc:fip:fedhop:eps-2001-3
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    Cited by:

    1. Brian Mantel & Timothy McHugh, 2001. "Competition and innovation in the consumer e-payments market? considering the demand, supply, and public policy issues," Occasional Paper; Emerging Payments EPS-2001-4, Federal Reserve Bank of Chicago.

    More about this item

    Keywords

    Credit cards; Clearinghouses (Banking); Debit cards;
    All these keywords.

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