EFT networks seen as driving point of sale. (electronic funds transfer)

Electronic banking networks and banking industry officials believe that the number of point-of-sale transactions will reach 450 million per month by the year 2000. Between Jun 1992 and Jun 1993, the use of point-of-sale transactions increased by 38%. Also, the installation rate of point-of-sale term...

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Bibliographic Details
Published in:The American banker 1994-02, Vol.159 (25), p.17
Main Author: Barthel, Matthew
Format: Article
Language:English
Subjects:
Banking industry
Electronic banking
Electronic funds transfer systems
Forecasts and trends
Point of sale systems
Online Access:Get full text
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Summary:Electronic banking networks and banking industry officials believe that the number of point-of-sale transactions will reach 450 million per month by the year 2000. Between Jun 1992 and Jun 1993, the use of point-of-sale transactions increased by 38%. Also, the installation rate of point-of-sale terminals increased by 64.6% in the year ending Jun 1993. Bankers agree that electronic banking networks will be responsible for public acceptance of the terminals, and brand identity will become an important issue.
ISSN:0002-7561
1945-578X