Assignment:
What are the benefits and drawbacks for consumers in using electronic funds transfers, ATMs, and point-of-sale systems? What are the legal safeguards currently in place to protect the electronic transfer of funds? Considering the complexity of the financial and banking system, is there a need to simplify the system for consumers, and if so, what would you suggest? In your response, be sure to consider actions at both the federal and state levels of government.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.