Outlook for EFT Technology
The development of electronic funds transfer (EFT) systems has been evolving over a period of years. A number of key elements contributed to its development and current widespread use. One of the leading forerunners in the use of computers was the banking industry. The first application was to mechanize the bookkeeping and accounting tasks within banks. This led to the automation of financial transaction flows at either the teller windows or in the check-sorting process.
KeywordsFinancial Institution Banking Industry Commercial Bank Debit Card Automate Teller Machine
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