Chapter 0, Problem 5SI

Explanation of Solution

Government Regulation of computer technology:

• There are dangers to private security, exploitation of interests of the one group, misuse of information, threat to personal information and domination by the vested interests. Therefore, the government needs to regulate the computer technology.
• In order to ensure fair access to the banking services and economy, government should regulate and make laws so that the interest of all the groups is protected.
• Government should regulate the amount of charge levied on the service charges and should ensure fair competition among various services providers so that the customer is able to choose between various banks.
• Moreover, there has to be more than one choice, so that either one can choose checks, payroll card or direct deposit or other methods.

There are federal laws on direct deposit, but states can also make regulations. The Electronic Fund Transfer Act (EFTA) protects employers and employees who use features like direct deposit. Federal law says that employers can make direct deposit mandatory. However, one of the following conditions must be met:

• The employee must be able to choose the bank for direct deposit.
• If the employer chooses the bank, it must offer another form of payment for the employee, such as a paper check

The rights of the children and family with respect to privacy need to be protected...