ATMs, POS and home banking developments in Japan

Article Abstract:

Japanese on-line transaction processing systems in the banking industry are discussed, including automated teller machine (ATM) networks, home banking systems, and point of sale (POS) computer terminals. Japan's domestic exchange system (known as the Data Tele-Communication System of All Banks) precludes the need for personal checking accounts. Moreover, automated fund transfers in Japan are processed without time delays, in real time. The 39,700 ATM and cash-dispensing terminals in Japan process 150 million monthly transactions, and the recent combination of Japan's two major private electronic funds transfer systems allow bank customers to withdraw funds from terminals operated by competitor banking facilities. Other aspects of Japanese banking automation are discussed, including the history of on-line systems within Japan, distribution of debit cards throughout the nation's population, improvements in banking automation, and installation of computerized bank terminals at non-bank locations. Problems encountered during Japan's banking automation efforts are also briefly discussed, including: the banks' reluctance to have their individual transfer systems interfaced (for the convenience of competitors' customers); and the conflicting Japanese and international standards related to magnetic striping on bank cards (Japan set its magnetic stripe standard prior to the establishment of the international standard).

Japan, Automated teller machines, Home banking, Home banking services, Point of sale systems, Point-of-sale systems

---

Efficiencies in credit-based transfer systems

Article Abstract:

In West Germany, cashless and paperless bank transactions are processed through giro accounts. There are 54 million giro accounts in West Germany, and 95 percent of West German households have at least one giro account. The popularity of giro accounts is attributable to six factors: (1) the payment of West German wages in noncash forms, (2) the promotion of additional customer services available with giro accounts, (3) a primarily paperless banking system, (4) development of Eurocheque facilities in West Germany, (5) consumer appreciation of self-service facilities, and (6) consumer acceptance of point-of-sale systems in West Germany. Each of these six factors affecting automation of the West German banking industry is discussed in detail.

Germany, Germany, West, Transfer payments

---

Strategies for the development of electronic systems

Article Abstract:

The technology strategy of banks should be based on the direction that business is taking. For the individual bank, top management has to formulate the proper business strategy in order to put perspective upon the proper technology strategy used to reach that goal. The use of electronic systems will become profitable once the consumer is convinced of the benefits.

Planning, Technological innovations

Similar abstracts:

• Abstracts: As Safe as Money in the Bank? Speeding Snail-Paced IRA Transfers. Where to Put Your IRA Money Now
• Abstracts: Alternative ways of managing the development of IT applications. Towards the electronic Institute
• Abstracts: Timing withdrawals from retirement accounts can increase tax savings
• Abstracts: Options can defer income recognition and convert interest into capital gains. Requirements to obtain the lower head of household rates eased in several areas
• Abstracts: Availability of the installment method is limited or eliminated after tax reform. Installment sale payments can be secured without triggering immediate gain

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.