Managing the Risks of Payment Systems

by Turner, Paul S.; Wunnicke, Diane B.

• ISBN13: 9780471328483
• ISBN10: 0471328480
• Edition: 2nd
• Format: Hardcover
• Copyright: 2003-05-27
• Publisher: Wiley

Summary

Provides a comprehensive overview of sources of corporate risk and major control measures.* Identifies risks inherent in corporate payments systems.* Shows how to assess credit risk, develop policies, and control the entire risk management process.

Author Biography

PAUL S. TURNER is the author of numerous articles and books, including Law of Payment Systems and EFT and &quot;Negotiating Wire Transfer Agreements: A Guide for Treasury Executives, Bankers &amp; Attorneys.&quot; He practices banking and commercial law and consults on legal matters, with offices in Los Angeles, California. He first became familiar with the risks of payment systems as a lawyer at Occidental Petroleum Corporation, where as an assistant general counsel he advised the Occidental treasury department. He was an official advisor to the uniform law commissioners who wrote Article 4A (Funds Transfers) of the Uniform Commercial Code (UCC) and revised UCC Articles 3 (Negotiable Instruments), 4 (Banks Deposits and Collections), and 5 (Letters of Credit). He has served as a member of the Payments Advisory Group of the Association for Financial Professionals and is vice chair of the American Bar Association&#146;s Payments Committee, a subcommittee of the Association&#146;s Business Law Section. He is the coauthor, with Diane and Brooke Wunnicke, of Standby and Commercial Letters of Credit, Second Edition.<BR>

Table of Contents

Preface.

Chapter 1. ""We Didn't Know"" Is No Excuse.

Chapter 2. Payment Systems Survey.

Chapter 3. Checks and the Risk of Fraud.

Chapter 4. Wire Transfers: Originator to Its Bank to Receiving Bank.

Chapter 5. Wire Transfers: Completing the Transfer and Rules for Errors.

Chapter 6. Risks of Automated Clearing House Payments.

Chapter 7. Commerce and Payments in Cyberspace.

Chapter 8. Management of Corporate Payment Systems Risks.

Glossary.

References.

Index.