1) Insolvency; 2) Not paying debts in a timely manner; 3) Disputes between internal factions (this may include divorce where the parties hold equal shares of equity in the corporation). The creditor upon receiving notification of receivership should determine whether the filing of a claim is necessary.
Electronic Fund Transfers. Electronic banking, also known as electronic fund transfer (EFT), uses computer and electronic technology in place of checks and other paper transactions. EFTs are initiated through devices like cards or codes that let you, or those you authorize, access your account.
The University accepts both e-checks and credit card payments online through UI-Pay. An e-check is an electronic withdrawal from a checking or savings account at a domestic (U.S.) bank account.