EFT, Privacy, and the Public Good
Although still in its infancy, electronic funds transfer (EFT) has attracted much public attention. Speculation about its far-reaching effects on financial market structures, the postal service, commercial law, consumers’ control of funds, and a host of other areas has fueled a national debate and caused considerable legal and economic uncertainty. Indeed, as the public debate unfolds, all that appears certain is that public policy will affect the future of EFT profoundly—if only in terms of delay.
KeywordsCommercial Bank Personal Privacy Permanent Record Federal Reserve System Financial Record
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