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Newspaper
Brownfield News
Location
Brownfield, Texas, United States of America
Date
Jan 28, 1982
Page
8
Dr. William L. Scott of Texas Tech discusses a future where personalized banking cards plugged into business terminals enable immediate funds transfers, potentially making checks obsolete and cash less significant. He notes banks’ reluctance, consumer resistance, and fears of competition from nonbanking firms as drivers of transition.
Soon Ing earned on those accounts. Banks will probably take the lead in encouraging their customers to use electronic banking. Economically the use of new banking technologies cuts down on both paperwork and manpower. Customers will come to like it as it becomes more convenient. Computers and a checkless society will open up an entirely new trading arena.
Carl and Ferne Lowrey returned home January 16 after a week in Granberry due to the death of Henry Lowrey. Melvin Lowrey flew cousin Dan McGaughey from Safford Arizona January 25 for the funeral. Sid Tom Pippin and his mother Gay returned from Houston January 21. He becomes an outpatient. O A and Lisse Pippin, Sidney and Kathy Pippin came home Sunday from Houston where they visited Sid Tom during his hospital stay.
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