O'Reilly logo

Consumer Electronics by S. P. Bali

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

ELECRONIC FUNDS TRANSFER

It has been more than 40 years since computers were first used in banking. In these years, more and more of the operation of banks and of many other financial organisations have become dependent on computers. Under the constant pressure to improve service and efficiency and to reduce costs, more of the traditional banking functions are being considered as possible candidates for some sort of computerisation. The constantly decreasing cost of computing equipment and the developments in microcomputers are helping to accelerate this trend.

The birth of electronic funds transfer and automated teller machines have given rise to 24-hour banking and a greater variety of services for the custom. This method uses a computer to ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required