Payment Systems Examples & Explanations, 3e
by James Brook

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Book Summary Information

Summary of Payment Systems Examples & Explanations, 3e

The Third Edition of this highly accessible and well-written study aid has been completely updated to offer:

• comprehensive 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 cards
• notably lucid explanations of complex or ambiguous areas of the law
• well-crafted, accessible, and relevant examples that progress from simple to more complex issues
• visual 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 4
• parallel 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 explanations

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