Applications of Modern Technology in Business

Computers and Banking

Electronic Funds Transfer Systems and Public Policy

Editors: Colton, Kent W. (Ed.)

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About this book

Electronic funds transfer (EFT) systems include a wide range of computer-based payment systems and sources that substitute electronic and digital transfers for movements of cash and paper checks. A few years ago some people were predict­ ing that EFT would replace paper money and coins entirely and that we would soon be a "checkless" and' 'cashless" society. Such sweeping changes have not occurred, but a slower evolution is clearly underway. Although checks, cur­ rency, and coin are likely to be here for many years to come, EFT is becoming an established part of our worldwide payment transfer system, and the implications and consequences of this technology are real. They include: • Alterations in personal finance and in the process of purchasing and paying for consumer goods and services. • Changes in the structure of financial and retail organizations and their mode of interaction in the marketplace. • Modifications in the flow of funds in our society and in the interactions among economic institutions. • Alterations in the prospects for invasion of personal privacy, perpetration of fraud and theft, and violation of antitrust regulations. • Changes in the regulatory and competitive balance among the numerous financial institutions in the United States. Such alterations foretell important impacts on people and society. Benefits are forthcoming, but the costs will also be real.

Table of contents (19 chapters)

  • EFT as a Case of Technology and Public Policy

    Colton, Kent W. (et al.)

    Pages 3-17

  • Outlook for EFT Technology

    Horan, Thomas F.

    Pages 21-38

  • Status of EFT: An Assessment of Services and a Review of EFT in the Fifty States

    Louderback, Peter D.

    Pages 39-52

  • EFT and the Consumer: An Agenda for Research

    Humes, Kathryn H.

    Pages 55-65

  • More Inequality: An Exploration of Potential Impacts of EFT on Stratification in American Society

    Hiltz, Starr Roxanne (et al.)

    Pages 67-80

Buy this book

eBook $84.99
price for USA in USD (gross)
  • ISBN 978-1-4684-3578-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $109.00
price for USA in USD
  • ISBN 978-1-4684-3580-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Computers and Banking
Book Subtitle
Electronic Funds Transfer Systems and Public Policy
Editors
  • Kent W. Colton
Series Title
Applications of Modern Technology in Business
Copyright
1980
Publisher
Springer US
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4684-3578-8
DOI
10.1007/978-1-4684-3578-8
Softcover ISBN
978-1-4684-3580-1
Edition Number
1
Number of Pages
XV, 309
Topics