Managing the risks of payment systems
This book is about the risks that business entities are likely to encounter in their use of the payment systems employed in the United States. This chapter emphasizes that corporate managers who are responsible for the management of payment risks should understand how the law governing liability for...
| Main Author: | Paul S. Turner, Diane B. Wunnick |
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| Format: | eBook |
| Language: | Bahasa Inggris |
| Published: |
John Wiley & Sons, Inc.
2003
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| Subjects: | |
| Online Access: |
http://oaipmh-jogjalib.umy.ac.idkatalog.php?opo=lihatDetilKatalog&id=80746 |
| Summary: |
This book is about the risks that business entities are
likely to encounter in their use of the payment systems
employed in the United States.
This chapter emphasizes that corporate managers
who are responsible for the management of payment
risks should understand how the law governing liability
for fraudulent checks and funds transfers determines
whether the company or the bank is liable for fraud losses
and, in addition, should understand whether the wording
of the company’s agreements with its bank would make
the company liable for a loss even though the law would
otherwise make the bank liable for it.
Ignorance of the law is not an excuse for poor management
of payment systems risks. |
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