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. Details the law on such topics as:

•   Acceptance, rejection, and execution
•   Sender's payment obligation to accepting bank
•   Liability for unauthorized payment orders
•   Errors in payment orders and acceptance
•   Cancellations, amendment, and reversal
•   Damages for improper execution
•   Beneficiary's rights: notice, payment, and discharge

First published in 1992.