The Evolution of EFT Networks From ATMs to New On-Line Debit Payment Products

Topics:
Commercial Banking
Tags:
ATM,
Federal Reserve Bank Of Philadelphia,
Finance,
Operational Accounting,
Payment
Source:
Federal Reserve Bank of Philadelphia

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Overview: This paper provides a brief history of EFT and the automated teller machine (ATM) industry. It discusses the growth of debit card applications and various Internet payment mechanisms. It then described NYCE's (a New York based electronic payment company) new payment product, SafeDebit, which is designed to address security issues in making payments over the Internet.

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

Format: PDF | Size: 287KB | Date: Apr 2002 | Pages: 12

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