Payment Systems Examples & Explanations

Using the proven Examples and Explanations format, Payment Systems: Examples & Explanations, Third Edition, provides students with a clear, engaging introduction to the principles of payment systems. The author, who brings extensive writing and teaching experience to the task, uses well-written and interesting examples, as well as relevant visual aids, to illustrate how these principles apply in typical situations. The Third Edition of this highly accessible and well-written study aid has been completely updated. It offerscomprehensive coverage of the standard topics in most payment systems courses, including Article 3 of the UCC (negotiable instruments); Article 4 (check collection); Article 4A (commercial electronic funds transfers); consumer funds transfers; and credit cardsnotably lucid explanations of complex or ambiguous areas of the lawwell-crafted, accessible, and relevant examples that progress from simple to more complex issuesvisual aids'flow charts and images of sample instruments'that help clarify complex transactions'Revision Alert' boxes covering proposed 2003 amendments to UCC Articles 3 and 4parallel cites to the old and the new UCC Article 1 New to this edition:recent developments in the area of check collection' the author explores the tremendous impact the advent of various new electronic means of collection has had on this area of payment systems new chapter on twenty-first century check payment describes recent developments in this area, including the new federal Check 21 Act updated cases, examples, and explanationsBrook, James is the author of 'Payment Systems Examples & Explanations', published 2007 under ISBN 9780735562424 and ISBN 0735562423.