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ELECTRONIC FUNDS TRANSFER ACT
Self-paced online course: ABA eLearning
Price: $95 members; $130 non-members ENROLL NOW
Course Description: Electronic transactions first became widely
available in the 1970s. Soon after, the Electronic Fund Transfer Act was
enacted to protect consumers from errors and fraud that could occur in
these transactions. The Electronic Funds Transfer Act course covers the
requirements of the Act that apply to customer contact personnel.
Audience: All levels of employees.
Learning Objectives:
After completing this course,
students will be able to:
·
Explain the
background of the Electronic Fund Transfer Act
·
Describe the
purpose of the Electronic Fund Transfer Act
·
Describe
requirements regarding issuance of access devices
·
Explain the
requirements related to preauthorized transfers
·
Define an
electronic funds transfer
·
Describe how
to handle a notice of error
Prerequisites: There are no prerequisites for this course.
However, a familiarity with general banking practices is valuable.
Operations personnel who perform actual resolution for electronic fund
transfer errors may need more in-depth training.
Credit: ICB: 1.0 CFSSP
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