EFT, Privacy, and the Public Good

  • Christopher E. Heller
Part of the Applications of Modern Technology in Business book series (AMTB)


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.


Commercial Bank Personal Privacy Permanent Record Federal Reserve System Financial Record 
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  1. 1.
    The Privacy Protection Study Commission, Personal Privacy in an Information Society (1977).Google Scholar
  2. 2.
    U.S. v. Miller: 425 U.S. 435 (1976).Google Scholar
  3. 3.
    D. J. Seipp, The Right to Privacy in American History, Harvard University Program on Information Resources Policy, working paper (1977).Google Scholar
  4. 4.
    Written statement of Western States Bankcard Association, Credit Card Issuers, Hearings Before the Privacy Protection Study Commission (February 11–12, 1976).Google Scholar
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    Sworn testimony of Telecredit, Inc., Credit Reporting and Payment Authorization Services, Hearings before the Privacy Protection Study Commission (August 3–5, 1976).Google Scholar
  6. 6.
    Bank Secrecy Act: 12 U.S.C. 1829b (1965); 12 C.F.R., 103.36.Google Scholar
  7. 7.
    Written statement of the Board of Governors of the Federal Reserve System staff, Depository sand Lending Institutions, Hearings before the Privacy Protection Study Commission (April 21–22, 1976).Google Scholar

Copyright information

© Plenum Press, New York 1980

Authors and Affiliations

  • Christopher E. Heller
    • 1
  1. 1.Aetna Life and CasualtyHartfordUSA

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