Black Letter Outlines are designed to help a law student recognize and understand the basic principles and issues of law covered in a law school course. Black Letter Outlines can be used both as a study aid when preparing for classes and as a review of the subject matter when studying for an examination. Each Black Letter Outline is written by experienced law school professors who are recognized national authorities in their subject area. The Payments Law Outline summarizes and explains the fundamental law applicable to a broad variety of current payment systems, including checks, drafts, credit cards, debit cards, prepaid cards, and digital currencies.

This text summarizes and explains the fundamental law applicable to a broad variety of current payment systems. Coverage includes issues of liability, transfer, holder in due course status, and check collection applicable to negotiable instruments (checks, notes, drafts) governed by UCC Articles 3 and 4, as well as letters of credit and documents of title governed by UCC Articles 5 and 7. The text further examines the rights, obligations, and federal protection applicable to credit and debit cards. Finally, this title addresses recent legal developments in regard to a variety of electronic fund transfers, prepaid cards and digital currencies.