ARSD 20:18:36:19

ARSD 20:18:36:19. Failed electronic funds transfer transactions

Last amended: 2021Year: 2026Length: 57 wordsOfficial source

Cite as S.D. Admin. R. 20:18:36:19

Where financial transactions are conducted through electronic funds transfer, the advance deposit wagering licensee shall have security measures and controls to prevent electronic funds transfer fraud. A failed electronic funds transfer attempt is not considered fraudulent if the account holder has successfully performed a transfer on a previous occasion with no outstanding chargebacks. Otherwise, the licensee must:
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