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- Chapter 9 - Electronic Funds Transfer Systems
I. Conclusion
Author | M.H. Ogilvie |
Profession | LSM, B.A., LL.B., M.A., D.Phil., D.D., F.R.S.C. Of the Bars of Ontario and Nova Scotia Chancellor's Professor and Professor of Law, Carleton University |
Pages | 344-344 |
Page 344
This chapter has described the arterial systems by which funds are electronically transmitted within Canada and around the world. To date, the rules governing these systems are set out by their own organizations, and there has been very little case law. How much case law there will be in the future will depend on how willing financial institutions are to unwind electronic transactions that have gone wrong as well as providing customer support in initiating electronic transactions so that customers understand the...
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Request your trial- Irwin Law: Bank and Customer Law in Canada (First Edition)
- Chapter 9 - Electronic funds transfer systems
- A. Introduction
- B. The Regulation of Payment Systems
- C. The Automated Clearing and Settlement System (ACSS)
- D. The United States Bulk Exchange System (USBES)
- E. The Large Value Transfer System (LVTS)
- F. Legal Significance for Customers
- G. International Clearing and Settlement
- H. The Legal Nature of Electronic Funds Transfer (EFT)
- I. Conclusion
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