Payment Systems And Other Financial Transactions: Cases, Materials, And Problems

For a clear yet thorough explanation of the legal systems that govern payment transactions, turn to PAYMENT SYSTEMS, Third Edition. This proven casebook skillfully applies the systems approach to reveal how payment systems actually work.

Adopting PAYMENT SYSTEMS gives you the benefit of:

• extraordinary authorship from Ronald J. Mann, one of the country's leading commercial law scholars, who currently serves as Reporter for revisions to the UCC articles related to checks
• unmatched scope of coverage — of checks, credit cards, and debit cards; ACH transactions, wire transfers, and letters of credit; and notes, guaranties, and securities — reflecting today's payment transactions
• adept grounding of the systems approach in hands-on explanation, with analysis built around those explanations, while text and problems focus on the rules that are applied in practice
• an efficient problem approach; each of the 25 assignments contains realistic problems that address the major points of each topic
• an extensive Teacher's Manual that answers all of the problems in the book, and supplies guidance for structuring the assignments around a 50-minute, 75-minute, or two-hour long class

Changes for the Third Edition include:

• important new cases, such as Halifax Cor. v. Wachovia Bank and NBT Bank v. First National Community Bank
• detailed treatment of Check Clearing for the 21st Century Act ('Check 21'), the federal law designed to enable banks to handle checks electronically, which will make check processing faster and more efficient
• updated and expanded material on electronic and internet payment systems, including electronic checks, internet payments, PayPal, stored-value cards, and electronic money