Gasboy CFN III Manager Manual V3.6 - Manual (Page 279)

MDE-4871 CFN III Manager’s Manual for Windows® XP Embedded - Version 3.6 · August 2010 Page C-1
EFT Regulation E Printed Receipt Regulations
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: When 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.
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 identified unless the
terminal is incapable of such identification and was purchased or ordered by the financial institution prior to February 6, 1980. In a POS
transfer, the type of account must not be identified if the access device used may access only one account at POS.