system ELECTRONIC FUND TRANSFER By Prof T.R. Vaidyanathan e-payment system As payment is an integral part of mercantile process‚ electronic payment system is an integral part of ecommerce. The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by traditional payment systems. E-payment systems are becoming central to ecommerce as companies look for ways to server customers fasters and at lower cost‚ thereby paving way for new business
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Informatica Economică nr.3(47)/2008 A Study Looking the Electronic Funds Transfer Codruţa POENAR Department of Economics Informatics Faculty of Economics and Business Administration Babeş-Bolyai University‚ Cluj-Napoca‚ România cpoenaru@webmail.econ.ubbcluj.ro The aim of this paper is to present the characteristics of the most important electronic funds transfer in the world‚ both interperson and interbank. We identified the following informations: location‚ type‚ owner‚ operator‚ number of transactions
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An electronic funds transfer (also known as EFT) is a system for transferring money from one bank to another without using paper money. Its use has become widespread with the arrival of personal computers‚ cheap networks‚ improved cryptography and the Internet. Since it is affected by financial fraud‚ the electronic funds transfer act was implemented. This federal law protects the consumer in case a problem arises at the moment of the transaction. The history electronic funds transfer originated
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2.13 THE HISTORY OF ELECTRONIC FUND TRANSFER The history of electronic fund transfer and electronic banking are to a large extent ‚closely interrelated with that of the automated banking systems and also the growth of the consumer financial service market now widely offered by banks. The global advent of electronic fund transfer was first marked in the 1950s when there began a major shift in focus of commercial banks to provide services for smaller businesses and individual consumers rather mainly
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Ethical Issues in Information Technology The society develops with unbelievable speed‚ from telegraphy‚ telephone‚ radio of 19th century to the modern 21th century‚ which is the Age with rapid developing and growing of knowledge and information. For example‚ Internet has been used widely everywhere in the world. We call it “global‚ Web-based platform‚ this platform enables people to connect‚ compute‚ communicate‚ compete‚ and collaborate anywhere‚ anytime to access limitless amounts of information
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What were the advances in information technology that resulted in new ethical issues necessitating the creation of each act? Telephone Consumer Protection Act of 1991/Do Not Call Implementation Act 2003 XBIS/220 Telephone Consumer Protection Act of 1991/Do Not Call Implementation Act 2003 These days no matter where you look there is some type of information technology in your presence. It can be seen while someone is walking‚ eating lunch in a cafe or even driving
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Information Technology Acts Paper BIS/220 December 17‚ 2012 Information Technology Acts Paper The advances in information technology have resulted in new ethical issues necessitating the creation of many important acts. Two in particular acts are Health Insurance Portability and Accountability Act (HIPAA) and Children’s Internet Protection Act (2000). Both of these acts were implemented to protect humans from harmful content and healthcare information. The Health Insurance Portability and
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Information Technology Acts There are several advances in information technology that resulted in new ethical issues necessitating the creation of certain acts. The two acts which will be discussed in this paper are the Children’s Internet Protection Act of 2000‚ and the Family Educational Rights and Privacy Act of 1974. Children’s Internet Protection Act‚ 2000 The Children’s Internet Protection Act (CIPA) is a federal law which was passed by Congress to allocate the offensive content over the
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Information Technology Act Vivian Pearson BIS/220 June 10‚ 2013 Daina Scott There are several advances in information technology that resulted in new ethical issues necessitating the creation of certain acts. The two acts which will be discussed in my paper are the Children’s Online Privacy Act of 1998 and The Children Internet Protection Act. Children’s online Privacy Act COPPA‚ 1998 The Children’s Online Privacy Act is a federal law constructed to limit the collection and
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SYNOPSIS A Study on THE IMPACT OF ELECTRONIC FUNDS TRANSFER ON BANKS AND ITS USERS Submitted in Partial Fulfillment of the Requirements of Bangalore University for the Award of the Degree of MASTER OF BUSINESS ADMINISTRATION By BINI JOEL THOMAS REG NO: 09SKCMA014 (Under the Guidance of Dr. Bharath) EMPOWERING MINDS Acharya Institute of Management
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