Electronic funds transfer system: the continuing need for privacy legislation

This paper investigates the implications and impact of current legislation on the future of the electronic funds transfer systems (EFT). The relevant statutes are introduced and analyzed. Problem areas are discussed together with examples of court ...

Electronic funds transfer (EFT) payments promise a cashless society in electronic commerce (e-commerce). Whilst technical issues have overcome the legal and practical logistics are being addressed. A background to legal problems is given including ...

An Electronic Funds Transfer (EFT) system is one that involves the electronic movement of funds and fund information between financial institutions. The transfer is coupled with minimal amounts of data to facilitata that transfer. There are two major ...