Routine Messages Tend to Be Simple and Straightforward, Such as Conveying

question 66

True/False

Routine messages tend to be simple and straightforward, such as conveying data or statistics.

---

Definitions:

Electronic Fund Transfer Act

U.S. legislation that aims to protect consumers engaging in electronic transfers of funds, including direct deposits, ATM transactions, and debit card payments.

UCC Article 4A

Governs the transfer of funds via electronic means between banks and provides rules for electronic payment orders.

Commercial Electronic Fund Transfer

Electronic transactions between businesses for the purpose of transferring funds directly from one bank account to another.

Substitute Check

A negotiable instrument that is a paper reproduction of the front and back of an original check and contains all of the same information required on checks for automated processing.