Answer:
The Electronic Fund Transfer Act (EFTA) is an Act of Congress that was enacted to protect the transactions of customers transferring their funds by electronic means such as through Automated Teller Machines (ATMs) and debit cards.
The Payment Card Industry Data Security Standard (PCI DSS) is meant to ensure that financial institutions like banks have strong and secure network infrastructure to protect customers and their details.
EFTA
- report a stolen debit card
.
- place a stop payment on recurring payments.
PCI
- protect credit card data
- maintain a secure network
