InstructionWrite about the technology of bank transfer payment systems such as electronic cash and electronic checks that has had an impact on any of the banking industries. Write a paper on how the introduction of said technology has disrupted that industry. please do not mention credit cards, debit cards, mobile app like apple pay, paypal, venmo, cash app. Just focus on electronic cash and electronic checks. Focus on the impact of the technology on the market or the institutions within the market more so than the impact on end users. You may also address the regulatory response to the implementation of the technology of theses payment systems. Minimum one sources from a peer-reviewed academic journal (e.g., Journal of Finance, Journal of Financial Economics, Journal of Corporate Finance, Review of Financial Studies, Journal of Financial Intermediation, Journal of International Business Studies, Journal of Accounting Research, Journal of Political Economy). It is to be written using a Times New Roman, 12-point font with double spacing in single-sided pages, maximum 3 pages.