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Electronic funds transfer (EFT) through bank-issued debit cards may be the future replacement of automated teller machine (ATM) transactions. Bank of America and Wells Fargo bank are the two top debit card issuers. This system is promising to consumers and bankers alike since debit cards reduce transaction time. Point-of-sale cards may signal the development of new technology that will move transactions away from the branch banks., With ATM transaction volume starting to level off, banks are hunting for the next big growth area in funds transfer. Will direct debit be it? When Toys 'R' Us launched [...]

Superregional banks need to look into small community banks' incorporation of new technology into their financial operations. Small community banks use new technology such as computers and electronic transfer systems to augment their core services and not to replace them. Analysts note that such a simplistic approach to banking and to the use of technology has allowed community banks to prosper., Some community banks seem to have learned a lesson that the money centers and the superregionals have been trying to get right for years: Technology has a place in banking, [...]

Electronic payments and settlement systems threaten to replace the traditional money center banks in providing payment and other services related to trading commodity or foreign exchange. The GlobeSet is the most recently established 24-hour, multicurrency payment system initiated by New York's Bankers Trust Company. It is organized in the form of a mutual fund and makes trading commodity and foreign exchange less expensive by eliminating costs of traditional middlemen., New electronic ways to move money can jeopardize the current bread-and-butter business of money center banks. An example is Bankers Trust's new GlobeSet payments system. In today's world, making a [...]

Bankers are considering the additional services they can offer through interactive technology available by cable television, telephones and computers. Home banking services have been applied in a limited manner through telephone communications, but some banks are anticipating the development of a user interface that would dispense banking services through several interactive platforms. Telephone banking services have met wide acceptance in the initial stages., The technological pieces for bringing banking to the home are falling into place. The market will develop when and if the services are easy to use and inexpensive. Whether TVs, [...]

THE PHONE OR A PC? Last October, Citizens & Southern Bank in Atlanta began offering a service that lets customers check their bank balances, transfer funds between accounts, and even [...]

Self-service terminals that use touch-screen technology allow consumers do a lot of their own banking. There's an eerie hush much of the time in the new Texas Commerce Bank branch [...]

Technologies associated with two banking companies have come up with new means of paying for the midday meal, using their own employees as guinea pigs. Both cases are using variations [...]

BEAM UP THOSE TRANSACTIONS Necessity certainly is the mother of invention, at least at Ruidoso State Bank in New Mexico. Mountains that are 11,000 feet high make it difficult to [...]

A NEW |IMAGE' ATMs are becoming increasingly complex - too complex, some argue, because most customers simply want to get cash and ignore the bells and whistles. But bankers say [...]

Point-of-sale systems are expected to proliferate. Debit cards will also enjoy success. More stores now make use of automated teller machines (ATM). Vender development of new environments and equipment can further help the growth of point-of-sale systems. An issue remains as to impact of point-of-sale systems on ATM systems. Another issue of banker or merchant control remains unresolved. The Publix grocery chain in Florida is analyzed as to customer access and general advantages adhering to the merchant.

First Interstate Bancorporation and First Nationwide Financial Corporation are offering franchises in an effort to incorporate smaller institutions into their system. First Interstate focused on the segment of the industry that was becoming outclassed by electronic developments in the industry. The franchise plan took a while to take off, but seems to be doing well now. Deregulation has made franchising more viable in the eyes of many smaller banks. Franchises point to greater deposits after acquiring a new name and image. They have been able to attract new corporate business. First Nationwide's program does not require franchisees to surrender their own identities, and no territorial rights are protected. The service packages of these franchises are analyzed.

Ten years ago electronic funds transfer (EFT) was believed to be the electronic advance which would change the whole financial industry. The use of EFT in consumer finance has failed to meet the potential many thought it had. Retailers are becoming interested in EFT. Some will not only utilize EFT, but become major purveyors of its vehicles. EFT's evolution is analyzed in historical terms. Broader development within the area has occurred in the last five years. Service delivery should be expanded if the potential in this area is to be realized. Network affiliations should be regarded as a value added service to customers.

Banking and thrift organizations are severely challenged by deregulation and technological innovation. Loan problems proliferate on domestic and international levels. Over exposure in capital positions is another serious issue. The ratio inherent in the notion of capital adequacy may no longer provide a guarantee of soundness to the industry. Some experts see capital as the control point to the importance of management. Capital is most important in light of expansion, market adaptability, innovations in technology and opportunity responses. The airline industry is analyzed as to its sound capital base.