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.