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Savings for the Poor: The Hidden Benefits of Electronic Banking by Michael A. Stegman,

Savings for the Poor: The Hidden Benefits of Electronic Banking by Michael A. Stegman,
Beginning this year, federal payment recipients will receive their government benefits through electronic funds transfer (EFT)-- what most of us call direct deposit. Although cost-cutting is the driving force behind the move to a virtually all-electronic federal payment system, Michael Stegman believes the initiative has a far broader potential: to bring poor Americans into the banking mainstream.In this book Stegman outlines how many families will enter the mainstream banking system through EFT '99, as the program is called. He explains in careful detail the thinking behind the shift to EFT and the implementation of the program this year. He also argues that, for maximum success, EFT '99 should be combined with a program of national Individual Development Accounts (IDAs), dedicated savings accounts for low-income people that can be used for purchasing a first home, acquiring more education or job training, or starting a small-business. Essentially, EFT '99 will bring people into the banking system, and IDAs will give them an incentive to use the system to its fullest in order to make their money work for them and their children.There are other steps that the government can take to boost EFT's ability to help public aid recipients achieve self-sufficiency. It can: add a direct deposit option to state benefits payments programs; give banks significant additional Community Reinvestment Act Credit for establishing accounts for EFT recipients; and regulate fees for cashing government benefits and voluntary accounts so that people are not charged excessively for accessing their money. This book demonstrates that -- with careful planning and a relatively small investment -- the government'sEFT initiative can have a major payoff in real assets and improved prospects for those who have been, for far too long, on the fringes of the country's mainstream banking system.



Electronic Theft: Unlawful Acquisition in Cyberspace by Peter N. Grabosky, X
Electronic Theft: Unlawful Acquisition in Cyberspace by Peter N. Grabosky, X
This study names, describes and analyzes the range of electronic and digital theft, and constitutes the first major survey of the field. The authors cover a broad list of electronic misdemeanors, including extortion, defrauding governments, telephone fraud, securities fraud, deceptive advertising and other business practices, industrial espionage, intellectual property crimes, and the misappropriation and unauthorized use of personal information.



Electronic Benefit Transfer - Electronic Benefit Transfer (EBT) is an electronic system that allows a recipient to authorize transfer of their government benefits from a Federal account to a retailer account to pay for products received. EBT systems are currently being used in many States to issue Food Stamps and other benefits.

EDIPI - An Electronic Data Interchange Personal Identifier (EDIPI) is a unique number assigned to each recipient of a Common Access Card (CAC) issued by the United States Department of Defense through the Defense Enrollment Eligibility Reporting System (DEERS).

Variable envelope return path - Variable envelope return path (VERP) is a technique used by some electronic mailing list software to enable automatic detection and removal of undeliverable e-mail addresses. It works by using a different return path (also called "envelope sender") for each recipient of a message.

Opt-in e-mail advertising - Opt-in e-mail advertising or permission marketing is a method of advertising by electronic mail wherein the recipient of the advertisement has consented to receive it. It is one of several ways developed by marketers to eliminate the disadvantages of e-mail marketing.



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