MANAGING THE RISKS OF PAYMENT SYSTEMS CHAPTER 3 pdf

... DEFINITIONS The drawer of the check is the customer of the bank. The drawer writes the check. The drawee is always the bank. The payee of the check is entitled to present the check for payment to the ... and the Risk of Fraud 23 3 Checks and the Risk of Fraud This chapter discusses the law of negotiable instruments, the application of the...

Ngày tải lên: 02/07/2014, 16:21

... service offered. The risks of corporate payment systems are primarily and best managed by avoidance of risks preventing losses in the payment systems of both funds due to and due from the corpo- ration. ... well as to reduce the likelihood of the occurrence of the covered event. The goal of managing corporate payment systems risks is to ensure that...

Ngày tải lên: 02/07/2014, 16:21

... Doctrine 32 Due Course 34 Notice of Fraud or Defenses to Payment 35 Risks to Others Because of the Rights of a Holder in Due Course 36 Shelter Principle 37 Check System in the United States 38 Bank ... the risks of the paperless payment systems. It is hoped that this book will contribute to the reader’s understanding of these systems. 5 New Frontier i...

Ngày tải lên: 02/07/2014, 16:21

... (U.C.C.), discusses the operation, the governing law, and the risks of check systems. In the United States, before the automation of proof machines and clearing systems, checks were processed manually. Many ... debit to the Federal Reserve account of the sending bank and a credit to the Federal Reserve account of the receiving bank and is final when the Fed no...

Ngày tải lên: 02/07/2014, 16:21

... within 30 days of receipt of notice of the transfer. The bank receives a fraudulent payment order and pays the order without verifying the authenticity of the order in accordance with the security ... payment orders.” The sender of the first payment order is the “originator,” and the first payment order is from the origi- nator to the originator’s ba...

Ngày tải lên: 02/07/2014, 16:21

... the means of payment of the obligation, acceptance by the beneficiary’s bank of a payment order to the account of the beneficiary can result in discharge. 34 The Official Comments give examples of the ... bank. The payment is not due until the payment date, but the obliga- tion is incurred upon the bank’s acceptance of the payment order. 31 At...

Ngày tải lên: 02/07/2014, 16:21

... authorization of the entries. 56. ACH Rule 3. 3.1. 57. ACH Rule 3. 3.2. 58. ACH Rule 3. 3 .3. 59. ACH Rule 3. 3.4. The parallel rule in Regulation E is § 205.10(b), which requires the person who obtains the ... transfer, the flow of funds is the reverse of the flow in a credit transfer. It is often said that funds are “pulled” from the account of the Receiver i...

Ngày tải lên: 02/07/2014, 16:21

... encrypts the digest, uti- lizing the private key of the sender. The encrypted digest is the “digital signature.” The recipient of the message then uses the public key of the sender to decrypt the ... significant advantage of the use of a purchase card as part of an electronic procurement system is the ability of the card to authenticate the originator...

Ngày tải lên: 02/07/2014, 16:21

... change, makingthisprocessfavorable.Therefore,itisimportantforresearcherstoreport Contents 3. 1 Introduction 81 3. 2 Matrices of Solid-Bound Pharmaceuticals 82 3. 3 Sample Extr act ion Tech n iques 83 3 .3. 1 Solid–Liquid Extraction 86 3. 3.2 Sonication-Assisted Extraction 86 3. 3 .3 Pressurized ... another andperformingtandemSPE(se eFigure3.1).F orexample,astronganionexchange (SAX),S...

Ngày tải lên: 18/06/2014, 16:20

... says I, "I think they are a pack of flatheads for not keeping the palace themselves 'stead of fooling them away like that. And what's more if I was one of them I would see a man ... so. He said there was loads of them there, anyway; and he said there was A-rabs nothing of pulling a shot-tower up by the roots, and belting a Sunday-school superintendent over t...

Ngày tải lên: 15/12/2013, 09:15