Featured in Payment Systems:

Extraordinary authorship: Mann is one of the country's leading commercial-law scholars and recently served as the reporter for the amendments to Articles 3 and 4 of the Uniform Commercial Code;

Unparalleled coverage: including not only traditional coverage of negotiability but also:

Checks, Credit Cards, Debit Cards;

Electronic Payments such as ACH Transactions and Wire Transfers;

Advanced Payments transactions involving letters of credit, documentary drafts, and guaranties;

Securities.

The System Approach that includes detailed practical explanations of how payment systems actually work, and analysis built around those explanations;

Text and problems that focus on the rules that are applied in practice;

Problem-based pedagogy realistic problems that cover the major points that should be mastered for each topic;

Flexible modular organization of chapters and assignments.

New to the Fourth Edition:

Important new cases such as:

U.S. Bank N.A. v. HMA, L.C. regarding the interaction among clearinghouse rules, Regulation CC, and the UCC;

CitiBank v. Mincks, illustrating the limitation of TILA (Truth in Lending Act) to consumer transactions;

New Century Financial Services v. Dennegar and DBI Architects v. American Express regarding liability for unauthorized use of credit card accounts;

Winter Storm Shipping v. Thai Petrochemical and Provident Bank v. Regions Bank on the nature of wire transfers;

New and updated problems;

Increased coverage of wire transfers;

Substantially reorganized and updated chapters on credit enhancement and letters of credit, including both commercial and standby letters of credit, to reflect changes from UCP500 to UCP600.

Systematically examining the legal systems that govern payment transactions, Payment Systems, Fourth Edition, is an ideal choice for courses on Payment Systems, Negotiable Instruments, or Commercial Paper.