This document summarizes a panel discussion on complying with electronic banking standards for law firms. The panelists discussed key concepts like the ACH, EFTs, and regulations like Regulation E. They emphasized the importance of having proper policies and procedures in place and being familiar with rules regarding client funds, electronic payments, notices and authorizations. Failure to comply could result in contractual or legal issues. The panel provided best practices around issues like check by phone authorizations, recurring payments, handling returned items and hold requests. Resources for further information were also shared.