1. Business Law with UCC Applications,13e Bank-Depositor Relationships and Cyber-Banking Chapter 18 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.

2. 18-2 Learning Objectives 1.Clarify the bank’s duties in the bank–depositor relationship. 2.Clarify the depositor’s duties in the bank– depositor relationship. 3.Explain a drawer’s rights in relation to a stop- payment order. 4.Explain the extent of the insurance protection provided by the FDIC. 5.List the different terms used to describe banks during the bank collection process.

3. 18-3 Learning Objectives (cont.) 6.Outline a check’s life cycle. 7.Describe the principal features of the Check 21 Act. 8.Describe the consumer protection features of the Check 21 Act. 9.Describe the process of an electronic fund transfer. 10.Discuss the protection given to consumers by the Electronic Fund Transfer Act.

4. 18-4 Bank-Depositor Relationships and Cyber-Banking The Bank–Depositor Relationship –The Bank’s Duties –The Depositor’s Duties –Stop-Payment Rights –Insured Accounts

5. 18-5 Bank-Depositor Relationships and Cyber-Banking The Bank’s Duties –Duty to Honor Orders –Death or Incompetence of Customer –Forged and Altered Checks –Availability of Funds –Midnight Deadline

6. 18-6 Bank-Depositor Relationships and Cyber-Banking The Depositor’s Duties –Bad Checks –Duty to Examine Accounts –Antedated and Postdated Checks

7. 18-7 Bank-Depositor Relationships and Cyber-Banking Stop-Payment Rights –Bank’s Right of Subrogation

8. 18-8 Bank-Depositor Relationships and Cyber-Banking Bank Deposits and Collections –Bank Descriptions –A Check’s Life Cycle

9. 18-9 Bank-Depositor Relationships and Cyber-Banking Cyber-Banking –The Check 21 Act –Electronic Fund Transfers –The Electronic Funds Transfer Act –The Global Financial Cybercrisis

10. 18-10 Bank-Depositor Relationships and Cyber-Banking The Check 21 Act –Original Checks No Longer Returned –Consumer Protection

11. 18-11 Bank-Depositor Relationships and Cyber-Banking Electronic Fund Transfers –ATM, Debit, and Combination Cards

12. 18-12 Bank-Depositor Relationships and Cyber-Banking The Global Financial Cybercrisis –Global Cyber Targets and Cyber Tactics –Cyber Command (Cybercom) –Domestic Cyber Targets and Cyber Tactics –Internet Crime Complaint Center (IC3) –Domestic Cyber-Legislation