The Threat Of EFT Technology

Electronic funds transfer (EFT) technology requires rules of law developed in a nonelectronic age to be modified or expanded. The financial community is working to ensure that this new technology does not expose banks and other such institutions to legal risks. In Australia, more than 6 reports have...

Full description

Saved in:
Bibliographic Details
Published in:Intheblack 1989-10, Vol.59 (9), p.14
Main Author: Sharpe, Anna
Format: Magazinearticle
Language:English
Subjects:
Authorizations
Automated teller machines
Consumer protection
EFTS
Electronic funds transfer systems
Financial institutions
Fraud
Security programs
Technology
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by
cites
container_end_page
container_issue 9
container_start_page 14
container_title Intheblack
container_volume 59
creator Sharpe, Anna
description Electronic funds transfer (EFT) technology requires rules of law developed in a nonelectronic age to be modified or expanded. The financial community is working to ensure that this new technology does not expose banks and other such institutions to legal risks. In Australia, more than 6 reports have been issued dealing with the customer protection problem. Financial institutions claim that consumer-related issues have been adequately dealt with by changes in standard contracts with customers. Despite a confusing array of initiatives, positive steps have been taken to implement legislation in the EFT area. Two central consumer-related issues that must be addressed are: 1. the availability of information to consumers to help them pursue any disputes with financial institutions, and 2. the appropriate forums for resolution of such disputes. The degree of attention given to this area has resulted in the banks recently proposing a banking ombudsman scheme.
format magazinearticle
fullrecord <record><control><sourceid>proquest</sourceid><recordid>TN_cdi_proquest_reports_211242549</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>61405</sourcerecordid><originalsourceid>FETCH-proquest_reports_2112425493</originalsourceid><addsrcrecordid>eNpjYeA0tDA20jWwsLTkYOAqLs4yMDA2NTU142SQCclIVQjJKEpNLFHwT1NwdQtRCElNzsjLz8lPr-RhYE1LzClO5YXS3AyKbq4hzh66BUX5haWpxSXxRakF-UUlxfFGhoZGJkamJpbGxKgBAMfGKOw</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>magazinearticle</recordtype><pqid>211242549</pqid></control><display><type>magazinearticle</type><title>The Threat Of EFT Technology</title><source>ABI/INFORM Collection</source><creator>Sharpe, Anna</creator><creatorcontrib>Sharpe, Anna</creatorcontrib><description>Electronic funds transfer (EFT) technology requires rules of law developed in a nonelectronic age to be modified or expanded. The financial community is working to ensure that this new technology does not expose banks and other such institutions to legal risks. In Australia, more than 6 reports have been issued dealing with the customer protection problem. Financial institutions claim that consumer-related issues have been adequately dealt with by changes in standard contracts with customers. Despite a confusing array of initiatives, positive steps have been taken to implement legislation in the EFT area. Two central consumer-related issues that must be addressed are: 1. the availability of information to consumers to help them pursue any disputes with financial institutions, and 2. the appropriate forums for resolution of such disputes. The degree of attention given to this area has resulted in the banks recently proposing a banking ombudsman scheme.</description><identifier>ISSN: 1832-0899</identifier><language>eng</language><publisher>Melbourne: CPA Australia</publisher><subject>Authorizations ; Automated teller machines ; Consumer protection ; EFTS ; Electronic funds transfer systems ; Financial institutions ; Fraud ; Security programs ; Technology</subject><ispartof>Intheblack, 1989-10, Vol.59 (9), p.14</ispartof><rights>Copyright CPA Australia Oct 1989</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.proquest.com/docview/211242549?pq-origsite=primo$$EHTML$$P50$$Gproquest$$H</linktohtml><link.rule.ids>780,784,15316,36062,44363</link.rule.ids></links><search><creatorcontrib>Sharpe, Anna</creatorcontrib><title>The Threat Of EFT Technology</title><title>Intheblack</title><description>Electronic funds transfer (EFT) technology requires rules of law developed in a nonelectronic age to be modified or expanded. The financial community is working to ensure that this new technology does not expose banks and other such institutions to legal risks. In Australia, more than 6 reports have been issued dealing with the customer protection problem. Financial institutions claim that consumer-related issues have been adequately dealt with by changes in standard contracts with customers. Despite a confusing array of initiatives, positive steps have been taken to implement legislation in the EFT area. Two central consumer-related issues that must be addressed are: 1. the availability of information to consumers to help them pursue any disputes with financial institutions, and 2. the appropriate forums for resolution of such disputes. The degree of attention given to this area has resulted in the banks recently proposing a banking ombudsman scheme.</description><subject>Authorizations</subject><subject>Automated teller machines</subject><subject>Consumer protection</subject><subject>EFTS</subject><subject>Electronic funds transfer systems</subject><subject>Financial institutions</subject><subject>Fraud</subject><subject>Security programs</subject><subject>Technology</subject><issn>1832-0899</issn><fulltext>true</fulltext><rsrctype>magazinearticle</rsrctype><creationdate>1989</creationdate><recordtype>magazinearticle</recordtype><sourceid>M0C</sourceid><recordid>eNpjYeA0tDA20jWwsLTkYOAqLs4yMDA2NTU142SQCclIVQjJKEpNLFHwT1NwdQtRCElNzsjLz8lPr-RhYE1LzClO5YXS3AyKbq4hzh66BUX5haWpxSXxRakF-UUlxfFGhoZGJkamJpbGxKgBAMfGKOw</recordid><startdate>19891001</startdate><enddate>19891001</enddate><creator>Sharpe, Anna</creator><general>CPA Australia</general><scope>3V.</scope><scope>4T-</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X1</scope><scope>7XB</scope><scope>87Z</scope><scope>8A9</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>BEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRAZJ</scope><scope>FRNLG</scope><scope>F~G</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope><scope>S0X</scope></search><sort><creationdate>19891001</creationdate><title>The Threat Of EFT Technology</title><author>Sharpe, Anna</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-proquest_reports_2112425493</frbrgroupid><rsrctype>magazinearticle</rsrctype><prefilter>magazinearticle</prefilter><language>eng</language><creationdate>1989</creationdate><topic>Authorizations</topic><topic>Automated teller machines</topic><topic>Consumer protection</topic><topic>EFTS</topic><topic>Electronic funds transfer systems</topic><topic>Financial institutions</topic><topic>Fraud</topic><topic>Security programs</topic><topic>Technology</topic><toplevel>online_resources</toplevel><creatorcontrib>Sharpe, Anna</creatorcontrib><collection>ProQuest Central (Corporate)</collection><collection>Docstoc</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Accounting &amp; Tax Database (Proquest)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection</collection><collection>Accounting &amp; Tax Database (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni)</collection><collection>ProQuest Central</collection><collection>Accounting, Tax &amp; Banking Collection</collection><collection>eLibrary</collection><collection>AUTh Library subscriptions: ProQuest Central</collection><collection>ProQuest Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central</collection><collection>Accounting, Tax &amp; Banking Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Collection</collection><collection>One Business (ProQuest)</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><collection>SIRS Editorial</collection><jtitle>Intheblack</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Sharpe, Anna</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Threat Of EFT Technology</atitle><jtitle>Intheblack</jtitle><date>1989-10-01</date><risdate>1989</risdate><volume>59</volume><issue>9</issue><spage>14</spage><pages>14-</pages><issn>1832-0899</issn><abstract>Electronic funds transfer (EFT) technology requires rules of law developed in a nonelectronic age to be modified or expanded. The financial community is working to ensure that this new technology does not expose banks and other such institutions to legal risks. In Australia, more than 6 reports have been issued dealing with the customer protection problem. Financial institutions claim that consumer-related issues have been adequately dealt with by changes in standard contracts with customers. Despite a confusing array of initiatives, positive steps have been taken to implement legislation in the EFT area. Two central consumer-related issues that must be addressed are: 1. the availability of information to consumers to help them pursue any disputes with financial institutions, and 2. the appropriate forums for resolution of such disputes. The degree of attention given to this area has resulted in the banks recently proposing a banking ombudsman scheme.</abstract><cop>Melbourne</cop><pub>CPA Australia</pub></addata></record>
fulltext fulltext
identifier ISSN: 1832-0899
ispartof Intheblack, 1989-10, Vol.59 (9), p.14
issn 1832-0899
language eng
recordid cdi_proquest_reports_211242549
source ABI/INFORM Collection
subjects Authorizations
Automated teller machines
Consumer protection
EFTS
Electronic funds transfer systems
Financial institutions
Fraud
Security programs
Technology
title The Threat Of EFT Technology
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-07T23%3A39%3A08IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=The%20Threat%20Of%20EFT%20Technology&rft.jtitle=Intheblack&rft.au=Sharpe,%20Anna&rft.date=1989-10-01&rft.volume=59&rft.issue=9&rft.spage=14&rft.pages=14-&rft.issn=1832-0899&rft_id=info:doi/&rft_dat=%3Cproquest%3E61405%3C/proquest%3E%3Cgrp_id%3Ecdi_FETCH-proquest_reports_2112425493%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=211242549&rft_id=info:pmid/&rfr_iscdi=true