ABA, Groups Offers Feedback on Proposed Reg CC Changes

In a joint comment letter with five financial trade groups today, the American Bankers Association wrote to the Federal Reserve in support of proposed amendments to address situations involving disputes about whether portions of an electronic check has been altered or whether the item is a forgery.

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BAFT to Offer New Payment Certification

BAFT -- ABA’s global transaction banking subsidiary -- announced a new partnership with the London Institute for Banking and Finance to introduce CertPAY, an internationally recognized payment certification.

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