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A New System Might Have to Interface with One or More

question 2

Multiple Choice

A new system might have to interface with one or more _____,which are older systems that use outdated technology.


Definitions:

Unauthorized Transfers

Transactions or movements of assets that occur without the proper approval or consent.

UCC Article 4A

Governs the transfer of funds through electronic means between banks, establishing a legal framework for such transactions.

Wholesale Funds Transfers

involves the large-scale movement of money, typically through electronic systems, between banking institutions or within large corporations.

Credit Transactions

Financial agreements where payment is deferred to a future date, including loans, credit card purchases, and lines of credit.

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