First, there is the issue as to how the customer authorizes a given transaction and second how a card issuer conditions its obligation to pay the merchant or merchant member, an issue which arises with respect to check guarantee and credit card authorization. l . Customer Authorization (a) ACHs In an ACH transaction the Company gets an agreement from the customer allowing it to access his accountanbsp;...
|Title||:||New payment systems|
|Author||:||Hal S. Scott, Permanent Editorial Board for the Uniform Commercial Code. 3-4-8 Committee, Permanent Editorial Board for the Uniform Commercial Code|