Gasboy CFN III Mgnr's Mnl V3.4 - Manual (Page 275)

MDE-4315 CFN Series CFN III Manager’s Manual for Windows NT · August 2004 Page C-1
Appendix C: Printed Receipt Regulations
29 – Appendix C: Printed Receipt
Regulations
The Federal Regulations on Electronic Funds Transfer Regulation E set
standards for the documentation of electronic transfers, including the
information that must appear on printed receipts.
The applicable sections of Regulation E are printed below.
Note: While these are the regulations that were in effect at the time this manual
was written, Gasboy obviously cannot guarantee that these regulations
have not since been amended or rewritten. Check with your company’s
lawyer.
EFT Regulation E
Section 205.9(a)—Documentation of Transfers
(a) Receipts at electronic terminals. At the time an electronic fund transfer is
initiated at an electronic terminal by a consumer, the financial institution shall
make available
1 to the consumer a written receipt of the transfer(s) that clearly
sets forth the following information as applicable:
(1) The amount of transfer. A charge for the transfer may be included in this
amount if the terminal is owned or operated by a person other than a financial
institution holding the consumer’s account, provided the amount of the charge
is disclosed on the receipt and on a sign posted on or at the terminal.
(2) The calendar date the consumer initiated the transfer.
(3) The type of transfer and the type of the consumer’s account(s) 2 to or from
which the funds are transferred, such as “withdrawal from checking,” “transfer
from savings to checking,” or “payment from savings.” These descriptions may
be used for transfers to or from accounts that are similar in function to checking
accounts (such as share draft or negotiable order of withdrawal accounts) or to
savings accounts (such as share accounts). Codes may be used only if they are
explained elsewhere on the receipt.
(4) A number or code that uniquely identifies the consumer initiating the
transfer, the consumer’s account(s) or the access device used to initiate that
transfer.
Footnotes:
1. A financial institution may arrange for a third party, such as a merchant, to make the receipt available.
2. If more than one account of the same type may be accessed by a single access device, the accounts must be uniquely iden-
tified unless the terminal is incapable of such identification and was purchased or ordered by the financial institution prior
to February 6, 1980. In a point-of-sale transfer, the type of account need not be identified if the access device used may
access only one account at point of sale