Catalogue 2019 - 2020

LAW 745 Payment Systems



Course Description

Payment Systems is a general introduction to commercial transactions. It covers various ways of making payments (checks, credit cards, debit cards, letters of credit, wire transfers, and electronic payment devices), transactions for borrowing money (notes and guaranties), and also negotiable instruments and securitization. Doctrinally, it covers Articles 3, 4, 4A, 5, 7, and 8 of the Uniform Commercial Codes, as well as (among other things), major provisions of the Expedited Funds Availability Act, the Truth-in-Lending Act, and the Electronic Fund Transfers Act.