Electronic funds transfer: The creeping revolution

R.T. Clark

Telecommunications Policy, 1984, vol. 8, issue 1, 29-43

Abstract: The much heralded 'banking revolution' has hitherto made steady rather than spectacular progress. This article focuses on the vanguard of the revolution, electronic funds transfer (EFT) and the growth and potential of automated clearing houses, automation in the branch and at point of sale, banking in the home, and for the corporate customer worldwide. While EFT developments will continue, the use of cash and the paper flow generated by cheques will still play an important role in banking systems.

Keywords: Telecommunications; Banking; EFT (search for similar items in EconPapers)
Date: 1984
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