Times have changed. Society used to have a system based on written pieces of paper. These were often called "Negotiable Instruments" or "Commercial Paper" and were primarily checks, promissory notes, drafts and certificates of deposit. Now, plastic (credit and debit cards), wire transfers ATM’s, electronic transfers, and even computer transactions are the norm. Statutory law has expanded to include: Article 4A "Fund Transfers" of the Uniform Commercial Code, the Electronic Fund Transfer Act, wire transfers covered by the Federal Reserve (Fedwire), and wire transfers covered by the New York Clearing House Interbank Payments Systems (CHIPS). At least three new federal regulations have come into play: Regulations J, Regulation Z and Regulation CC. Commercial Payment Systems covers these areas.