Using the proven <i>Examples & Explanations </i>format, <b>Examples & Explanations: Payment Systems, Third Edition,</b> provides students with a clear, engaging introduction to the principles of Payment Systems. The author, who brings extensive writing and teaching experience to the task, uses well-written and interesting examples, as well as relevant visual aids, to illustrate how these principles apply in typical situations. <p class="copymedium"> <b>The Third Edition of this highly accessible and well-written study aid has been completely updated to offer:</b> </p> <ul> <li class="copymedium"> comprehensive coverage of the standard topics in most payment systems courses, including Article 3 of the UCC (negotiable instruments); Article 4 (check collection); Article 4A (commercial electronic funds transfers); consumer funds transfers; and credit cards </li> <li class="copymedium"> notably lucid explanations of complex or ambiguous areas of the law </li> <li class="copymedium"> well-crafted, accessible, and relevant examples that progress from simple to more complex issues </li> <li class="copymedium"> visual aids — flow charts and images of sample instruments — that help clarify complex transactions </li> <li class="copymedium"> "Revision Alert" boxes covering proposed 2003 amendments to UCC Articles 3 and 4 </li> <li class="copymedium"> parallel cites to the old and the new UCC Article 1 </li> </ul> <p class="copymedium"> <b>New to this edition:</b> </p> <ul> <li class="copymedium"> recent developments in the area of check collection — the author explores the tremendous impact the advent of various new electronic means of collection has had on this area of payment systems </li> <li class="copymedium"> new chapter on twenty-first century check payment describes recent developments in this area, including the new federal Check 21 Act </li> <li class="copymedium"> updated cases, examples, and explanations </li> </ul> <p> </p> <p> </p>
