The daily Nebraskan. ([Lincoln, Neb.) 1901-current, November 28, 1977, Page page 9, Image 9

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monday, november 28, 1977
Computers...
Continued from p. 1
Dickinspn said Gateway Bank is consulting its terminal
manufacturer about the possibility of a combination ter
minal and automatic teller in the Nebraska Union.
Terminal access
Harris said the system's plastic cards allow bank cus
tomers access to terminals anywhere in the state if their
home banks are NETS members.
The system also will provide customers with maximum
banking hours up to 91 hours a week while substantially
reducing paer handling in the bank, Harris said.
Dickinson said his bank will not only handle fewer
checks, but fewer bad checks because the terminal shows
automatically whether the customer's account has enough
money to cover the check.
This loss of float (writing checks before depositing
money to cover them) is a disadvantage often cited by
critics of the system, Harris said.
However, he said loss of float is counteracted by imme
diate credit on deposits. Customers won't have to wait
a day to write checks 05 their last deposit, he said.
Some persons also question the privacy of having the
information in their bank's computer being, available
all over the state-, Harris said.
He argued that the computer system had the informa
tion before the electronic system was developed, but the
new system will communicate it faster.
More private
He said the plastic cards have less personal informa
tion than checks and probably are more private.
The electronic system also will be able to settle
accounts between banks at the end of the day, Harris said.
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with a friend.
Itsuro bests
driving clano.
. Lincoln's ,
CarpooJVanpool
daily nebraskan
Since the computer technology already is established,
Harris said he does not think the electronic system would
eliminate any jobs.
A possible reduction in bank tellers would be equaled
by a need for more electronic service people, he said.
While it is still more expensive than the computer sys
tem, NETS is a good marketing tool for the future,
according to Dickinson.
It also is a. way for banks to compete with the'savings
and loan industry and credit unions, Harris said.
. The NETS corporation, including 300 of Nebraska's
451 banks, is a three-year developmental organization
formed by the Nebraska Bankers Association in 1974,
Harris said.
NETS is a funding mechanism, fed by fees from each
member bank, to make dollars available- for developing
the Electronic Transfer System, Harris said.
He said the corporation will dissolve in 36 months
and if the system is successful, a private company will
take over the switch operation.
page 9
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