Introduction to Payment Systems covers the three types of Payment Systems that do not involve cash: negotiable instruments (including promissory notes), electronic funds transfers, and credit cards. There are five major areas of coverage:
- Articles 3 and 4 of the Uniform Commercial Code on negotiable instruments and the bank collection process
- Federal Reserve Regulation CC covering the bank collection process and funds availability
- Article 4A covering Wholesale Fund Transfers
- The Law of Credit Cards
- The Law of Consumer Electronic Funds TransfersHelpful diagrams, apt examples, and lucid text make Introduction to Payment Systems the reference of choice.
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