Showing posts with label Quest Operating Rules. Electronic Funds Transfer Association. Show all posts
Showing posts with label Quest Operating Rules. Electronic Funds Transfer Association. Show all posts

Tuesday, April 15, 2014

Two Amendments Approved for the Quest® Operating Rules

On March 12, 2014, the NACHA Board of Directors and on April 11, 2014, the Quest Registered State Representatives approved two amendments to the Quest Operating Rules.

The Quest rules are the network operating rules that govern how EBT transactions are to be acquired and settled within the existing commercial payment infrastructure. 

The new rules are:

1.       A housekeeping amendment to remain consistent with name of the Federal Food Stamp Program.
2.       An amendment to restrict cash access at certain locations to comply with federal law.

The Quest Operating Rules will be updated to reflect these amendments within a week and will be posted to the Quest website.  For details on the amendments please visit the Quest Operating Rules website at https://www.nacha.org/s/quest/index.html.

Tuesday, January 28, 2014

A workgroup from within the eGPC Rules and Practices Caucus has been working on an update of the Quest Operating Rules for electronic benefits transfer systems.

The Quest rules are network rules that govern how closed-loop EBT systems function on open loop financial networks.

The purpose of the update is to bring the Rules into conformity with some of the changes that have taken place in EBT practice over the last several years.

A copy of the draft is posted on the EFTA website. You can access it by clicking here