This article will look at the state of third party payment systems. First, it will review the history of the NOW account and some problems which have arisen as to negotiability. Second, it will examine the experiences of state-chartered associations that have offered NINOWs. Third, AFT and POAs will be examined in light of recent developments. Finally, the Ohio scheme will be examined to determine if an Ohio-chartered savings and loan could offer a type of NOW account.
Lynch, Joseph M. Jr.
"Third Party Payments for Thrift Associations - The Latest Round,"
Akron Law Review: Vol. 12:
4, Article 4.
Available at: https://ideaexchange.uakron.edu/akronlawreview/vol12/iss4/4