Money goes electronic in the 1970s.

This article discusses the advent of electronic banking in the U.S. It explains that bank clients and bankers are talking about how the start of banking automation will impact the consumers and the industry. Some are suggesting that it will start the process towards a checkless and cashless society with lawyers saying that is a mistaken bank computer denies an account holder's identity a court may rule against the person because the computer is more reliable. It identifies the changes that will happen in the industry within a decade starting in 1970. INSETS: When on credit card fills the bill;New criminals for the new era;What clogs the pipeline in banking.