The Use Of Electronic Banking

The use of electronic banking poses many potential concerns with privacy, online theft and identity theft. The use of these processes may hold more convenience; however there may be some losses that will occur as a result of its use.

The following questions have been addressed in this article:

Are all cards that involve electronic payment systems covered by the EFT Act?
How can consumers become aware of whether or not fraudulent matters are covered by the Electronic Fund Transfer Act?

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