law of electronic funds transfers
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law of electronic funds transfers by Benjamin Geva

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Published by M. Bender in New York, NY .
Written in English



  • United States.


  • Electronic funds transfers -- Law and legislation -- United States.

Book details:

Edition Notes

Statementby Benjamin Geva.
LC ClassificationsKF1030.E4 G48
The Physical Object
Pagination1 v. (loose-leaf) :
ID Numbers
Open LibraryOL1724709M
ISBN 100820511471
LC Control Number92028411

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The Law of Electronic Fund Transfer Systems provides guidance on the latest business trends, technological innovations, laws, regulations, and cases involving electronic payment systems issues. This practical treatise presents clear explanations of the legal principles governing the rights, duties, and liabilities of financial : James H. Pannabecker.   Provides a clear understanding of the law governing electronic funds transfers, with emphasis on global and domestic wire transfers, ACH payments and consumer transactions. Concise analysis of U.C.C. Article 4A, EFTA, Regulation E and other pertinent law gives you the information you need to understand the complex legal ramifications of electronic funds transfers.   : The Law of Electronic Fund Transfer Systems, the Law of Electronic Fund Transfer Systems Cumulative Supplement (): Baker, Donald I., Brandel, Roland E.: BooksCited by: 5. The Electronic Fund Transfer Act (EFTA or the act) (15 U.S.C. et seq.), enacted in , provides a basic framework establishing the rights, liabilities, and responsibilities of participants in electronic fund transfer (EFT) systems. The EFTA is implemented by the Board’s Regulation E (12 CFR part ). Types of transfers.

Preauthorized electronic fund transfer is an EFT authorized in advance to recur at substantially regular intervals. (Section (k)). Unauthorized electronic fund transfer is an EFT from a consumer's account initiated by a person other than the consumer without authority to initiate the transfer and from which the consumer receives no benefit.   Book Transfers vs. Wire Transfers. Slightly more complicated than a book transfer, a wire transfer is an electronic transfer of funds across . Electronic fund transfers are defined as transactions that use computers, phones or magnetic strips to authorize a financial institution to credit or debit a customer’s account. This includes the use of ATMs, debit cards, direct deposits, point of sale transactions, transfers initiated by phones and pre-authorized withdrawals from checking or. The aim of this book is to provide a comprehensive analysis of the law and jurisprudence regarding electronic fund transfer. In the Republic of Ireland, many payments traditionally made with paper instruments are now being made electronically via electronic fund transfer and clearing systems operated by the Central Bank of Ireland.

2(k) Preauthorized Electronic Fund Transfer. 1. Advance authorization. A preauthorized electronic fund transfer under Regulation E is one authorized by the consumer in advance of a transfer that will take place on a recurring basis, at substantially regular intervals, and will require no further action by the consumer to initiate the transfer. COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus. The Electronic Fund Transfer Act (“EFTA”) protects consumers by regulating banks and others that collect payments through electronic transfer or charge fees for the use of debit cards and ATMs. The EFTA also requires prompt investigation of consumer complaints and errors regarding electronic debits or credits from the consumer’s bank account. By Howard D. Neal, Published on 01/01/ Recommended Citation. Howard D. Neal, Book Review: The Law of Electronic Funds Transfer, 2 Computer L.J. ().