Electronic Fund Transfers in the Republic of Ireland

The aim of this book is to provide a comprehensive analysis of the law and jurisprudence regarding electronic fund transfer. In the Republic of Ireland, many payments traditionally made with paper instruments are now being made electronically via electronic fund transfer and clearing systems operated by the Central Bank of Ireland.

Electronic Fund Transfers in the Republic of Ireland:

• Explains electronic fund transfer and payment systems
• Examines the process of the fund transfer system in Ireland
• Illustrates the rules of the Irish payment and clearing system
• Highlights the problems that arise
• Analyses the relevant law and jurisprudence in Ireland and other jurisdictions

There has been little progress in modernising the Irish legal framework for banking transactions to reflect the new technological environment that electronic fund transfers encapsulate. This book aims to provide clarity to banking and commercial law practitioners in calculating each participant’s liabilities to the system as a whole under the applicable clearing and settlement rules, and the protection available to a payment system and its participants in the case of default or systemic risk.

Caroline Bergin-Cross is a barrister specialising in banking and commercial law. She has researched and published a number of papers on Irish banking law in professional law journals and texts. She is a PhD candidate and tutor in the School of Law, University College Dublin.