On Legislative Perfection Of The Electronic Transfer Of Funds

The application of computer and network technology to banking, a new form of payment, processing fund through electronic fund transfer systems, relieve banking institution of the burden of having to move mountains of paperwork. Mixing new payment form and payment instrument result in challenge for the traditional legal system and legal principle, such as fair principle, the admissible form of proof, the burden of proof, making each country revise the law. According to the development of fund transfer in our country, it is necessary to use legal means promote the application of electronic fund transfer. By comparison with other countries in dealing with the same question, new principle should be found under the new trends in order to perfect the legal system of electronic payment in our country.