Electric Money: Evolution of an Electronic Funds-Transfer System

von Dennis W. Richardson

200 Seiten, Taschenbuch, ab 18 Jahre

Kurzbeschreibung des Verlags

A theoretical model of a moneyless society."Money," at least in its present form, may be on the verge of obsolescence. Rapid advances in computer technology are revolutionizing the American banking system. The credit boom and the proliferation of credit cards signal the advent of a cashless and checkless society. This exploratory treatise on payment media develops, within the framework of the historical evolution of exchange in general and of financial concepts and institutions uniquely American, the far-reaching implications of a computerized monetary system for all sectors of the economy. The author introduces a theoretical model of a "moneyless" society and a hypothetical description of electronic funds transference as it might evolve within "real world" constraints. By virtue of its central position in the payment process and its cost-saving computer capabilities, the commercial bank of the future will logically extend its role in the financial community with multiple new services. Technical change will remain the most potent factor in this business environment. Aggressive bankers, implementing and actively marketing the latest developments, will occupy the vanguard of the movement.

• Reihe: Mit Press
• Themen: Wirtschaftswissenschaft, Finanzen, Betriebswirtschaft und Management Finanz- und Rechnungswesen Finanzenwesen und Finanzindustrie Bankwesen
• ISBN: 9780262680257
• Sprache: Englisch
• Erscheinungsdatum: 01.11.1974
• Größe: 226 x 150 mm
• Verlag: Penguin Random House LLC
• Empf. Lesealter: ab 18 Jahre