Mich. Admin. Code R. 432.655b

Current through Vol. 24-19, November 1, 2024

Section R. 432.655b - Failed ACH deposits

Rule 655b. A failed ACH deposit attempt is not considered fraudulent if the authorized participant has successfully deposited funds via an ACH transfer on a previous occasion with no outstanding chargebacks. Otherwise, the internet gaming operator or internet gaming platform provider shall do all of the following:

(a) Temporarily block the authorized participants internet wagering account for investigation of fraud after 5 consecutive failed ACH deposit attempts within a 10-minute period. If there is no evidence of fraud, the block may be vacated.

(b) Suspend the authorized participants internet wagering account after 5 additional consecutive failed ACH deposit attempts within a 10-minute period.

Mich. Admin. Code R. 432.655b

2020 MR 22, Eff. 12/2/2020