What are the four principal types of Electronic Fund Transfer (EFT) systems today? Distinguish between the four types of electronic funds transfer systems used by banks. When is an electronic transaction binding under the Uniform Electronic Transactions Act? Using a real-life example, distinguish the liability of the bank, the customer, and the payee in an electronic transfer of funds situation.

Answer rating: 100% (QA)

The four principal types of Electronic Fund Transfer EFT systems are 1 Wire Transfers Immediate dir... View the full answer