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Reducing consumer anxiety about EFTS security

Reducing consumer anxiety about EFTS security Electronic Funds Transfer Systems (EFTS) are facing a crisis that must soon be overcome. In order to achieve the maximum cost benefits of EFTS, it is necessary that automated banking transactions be accepted on a widespread basis. General acceptance has not yet occured because of problems with EFTS perceived by consumers and bankers. The potential for loss through any number of new exposures is too great in the minds of many. This attitude must change before widespread acceptance of EFTS is to be accomplished. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png ACM SIGSAC Review Association for Computing Machinery

Reducing consumer anxiety about EFTS security

ACM SIGSAC Review , Volume 4 (2) – Apr 1, 1986

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Publisher
Association for Computing Machinery
Copyright
Copyright © 1986 by ACM Inc.
ISSN
0277-920X
DOI
10.1145/15842.15844
Publisher site
See Article on Publisher Site

Abstract

Electronic Funds Transfer Systems (EFTS) are facing a crisis that must soon be overcome. In order to achieve the maximum cost benefits of EFTS, it is necessary that automated banking transactions be accepted on a widespread basis. General acceptance has not yet occured because of problems with EFTS perceived by consumers and bankers. The potential for loss through any number of new exposures is too great in the minds of many. This attitude must change before widespread acceptance of EFTS is to be accomplished.

Journal

ACM SIGSAC ReviewAssociation for Computing Machinery

Published: Apr 1, 1986

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