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Outlook for EFT Technology

  • Thomas F. Horan
Part of the Applications of Modern Technology in Business book series (AMTB)

Abstract

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.

Keywords

Financial Institution Banking Industry Commercial Bank Debit Card Automate Teller Machine 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Plenum Press, New York 1980

Authors and Affiliations

  • Thomas F. Horan
    • 1
  1. 1.SRI InternationalMenlo ParkUSA

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