Reliability and security at the dawn of electronic bank transfers in the 1970s-1980s

J. Carles Maixé-Altés

MPRA Paper from University Library of Munich, Germany

Abstract: From a historical perspective, the concept of reliability and computing security in the early 1970s, when electronic data transfer processes were in infancy, is especially interesting in terms of their implications in technological change and the business of banking. The cases of Japan, Spain and Germany, in terms of their national banking networks, provide an interesting field of analysis in terms of the implications that the online data transfer systems had for banking institutions. Concerns about the reliability of the computing processes and digital security were the key factors. These innovations laid the foundation for the advancement of networks and new banking services that would open up unprecedented horizons in what was to become known as service banking.

Keywords: computer security and reliability; banks and savings banks; teleprocessing networks; EFT; ICT in banking (search for similar items in EconPapers)
JEL-codes: G21 O33 (search for similar items in EconPapers)
Date: 2020-06, Revised 2020-09
New Economics Papers: this item is included in nep-ban, nep-his, nep-ict and nep-pay
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