The Origins of the Cashless Society: Cash Dispensers, Direct to Account Payments and the Development of On-Line Real-Time Networks, C. 1965-1985
Författare
Summary, in English
This article explores the technological choices made at the dawn of the massification of retail finance. We describe and analyze the early development of electronic banking and the foundations of the cashless society through the experiences of organizations with similar governance in two different competitive environments — Swedish and British savings banks. We document how the adoption of direct-to-account wage deposits and the subsequent deployment of networks of cash dispensers interacted with the adoption of on-line real-time (OLRT) computing, and distinguish on-line and OLRT communication as distinct stages in the evolution of computer networks. We emphasize the role of middle managers in the selection of alternative technologies and show how delivering a cashless society proved more difficult than anticipated.
Avdelning/ar
Publiceringsår
2014
Språk
Engelska
Publikation/Tidskrift/Serie
Essays in Economic & Business History
Volym
32
Länkar
Dokumenttyp
Artikel i tidskrift
Ämne
- Economic History
Nyckelord
- savings banks
- cash dispensers
- OLRT
- Sweden
- United Kingdom
- twentieth century
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 0896-226X