Bis 220 Week 1 Technology Acts

Information Technology Acts

BIS/220

Information Technology Acts

Before I began working in the banking industry a few years ago I never realized to this how many people still continue to write checks as a means of payment. While many people have steered away from using checks there are so people that just prefer to still use them.

Almost all banking needs can be done without even needing to step foot inside a banking center. With the implementations of ATM's and mobile banking you can do almost any transaction from the comforts of your own home. These advances in information technology have cause regulations such as the Electronic Funds Transfer Act, 1078 to be implemented to keep the customers money safe while offering convenience. With so much...