Leveling the Rails: Building a Liability Framework for Pay by Bank

As Pay by Bank gains traction in the U.S., the industry must establish a liability framework that supports consumer protections, merchant fraud prevention, and clear participation rules. This session explores what's needed to bring Pay by Bank onto equal footing with card-based payments. Panelists will discuss the gaps in refund rights, dispute resolution, and fraud safeguards, and how standardized rules and infrastructure can foster trust and adoption. Attendees will gain insight into the legal, operational, and policy considerations essential to shaping a secure and scalable future for account-to-account payments.