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Nacha Operating Rules regulations ? The National Automated Clearinghouse Association (Nacha) Operating Rules apply to eCommerce businesses that accept direct payments.

PCI Data Security Standard PCI DSS and the Payment Application Data Security Standard (PA-DSS) are rules designed to reduce the incidence of credit card fraud. Both the PCI DSS and the PA-DSS are enforced by the PCI Security Standards Council, an independent body created by the major credit card companies.

Provide Incentives For Use. ... Cater To Those With Disabilities. ... Expand The Types Of Transactions. ... Implement Identity Management And Encryption. ... Create A Faster User Experience. ... Include Digital Payment Services In Social Platforms. ... Integrate The Payment Value Chain. ... Support Global Standardization.

The Payments Services Directive came into force. The directive is part of a legislative package that also includes a regulation on multilateral interchange fees. Together, the regulation and the second payment services directive, limit the fees for transactions based on consumer debit and credit cards.

As competent authority, the Central Bank's role is to ensure and monitor effective compliance with the PSR. A payment institution means a payment institution authorised by the Central Bank under Regulation 18 of the PSR.

National banks must be members of the Federal Reserve System; however, they are regulated by the Office of the Comptroller of the Currency (OCC). The Federal Reserve supervises and regulates many large banking institutions because it is the federal regulator for bank holding companies (BHCs).

Payment service regulations are the rules set out to ensure PSPs complete comprehensive due diligence to mitigate the risk of financial fraud. Payment service regulations differ across jurisdictions.