Electronic Funds Transfer (EFT) and its Use in the Navy.

Abstract

The application of Electronic Funds Transfer (EFT), a new technology, and its potential use in the U.S. Navy is examined. The present payments system is reviewed and found to be performing satisfactorily as far as consumers are concerned. However, business, government and financial institutions see opportunities for reducing costs and improving services, given new technology and changes in banking regulations. The EFT system is described along with the climate for changing the current payment system, suggesting the existence of a fertile base for growth of EFT in the Navy. Accordingly, implementation of EFT at a naval field activity is simulated, showing that significant dollar savings and payee service benefits can be realized. Since consumer acceptance of EFT is vital for its implementation, an analysis is made of a survey given to payees who have accepted EFT. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1979
Accession Number
ADA073966

Entities

People

  • Patrick Paul Valenty Jr

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Air Force
  • California
  • Commerce
  • Computers
  • Consumers
  • Cost Reductions
  • Costs
  • Data Processing
  • Financial Management
  • Governments
  • Money
  • Personnel Management
  • Retail
  • Standards
  • Technology Assessment
  • United States

Readers

  • Economics
  • Educational Psychology

Technology Areas

  • Microelectronics