Cost Savings From Electronic Payments and ATMs in Europe

Topics:
Commercial Banking
Tags:
ATM,
Branch Office,
Cost Savings,
Electronic Payment,
Federal Reserve Bank Of Philadelphia,
Network Technology,
Networking
Source:
Federal Reserve Bank of Philadelphia

FREE Registration is required

Overview: Electronic payments are considerably cheaper than their paper-based alternatives. Similarly, ATMs are a more cost-efficient way to deliver certain depositor services than are branch offices. As the share of electronic payments in 12 European countries rose from 0.43 in 1987 to 0.79 in 1999 and ATMs expanded while the number of branch offices was constant, bank operating costs are estimated to be $32 billion lower than they otherwise might have been, saving 0.38% of the 12 nations' GDP.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 416KB | Date: Aug 2003 | Pages: 29

People who downloaded this item also downloaded

White Paper Limits to Value in Electronic Commerce-Related Information Technology Investments
White Paper A New Perspective to Finance and Competition and Challenges for Financial Institutions in the Internet Era
White Paper Electronic Banking
White Paper A Snapshot of the U.S. Payments Landscape
White Paper Who Offers Internet Banking?

Top results from Commercial Banking

White Paper Undressing In Public: Harnessing The Power Of Web 2.0 To Rebuild Trust In Banking
White Paper Do Banks Strategically Time Public Bond Issuance Because of Accompanying Disclosure, Due Diligence, and Investor Scrutiny?
White Paper Nationwide Branching and its Impact on Market Structure, Quality and Bank Performance
White Paper Does Bank Lending Affect Output? Evidence from the U.S. States
White Paper Market Structure and Quality: An Application to the Banking Industry

» View all Commercial Banking listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).