“Electronic Funds Transfer Act (EFT)” provides some important information on the present state of Electronic Money Transaction. IT To Root-Out Corruption recommends its reading. I came across it in the web site “Debt Collection.com” its link
My comment: The most important addition that the EFT Act needs is : “Biometric Identity In All Bank Accounts” thereby all large sums of money transaction should be carried only through the bank to the bank account. It can make the act really successful in preventing fraud in those Electronic Money Transaction deals.
Valerian Texeira
St. Joseph Nagar Jeppu
Mangalore – 575002 INDIA
No comments:
Post a Comment