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Article #209: On-line Banking Systems

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Let me preface my remarks by saying I've feeling about allowing others to directly
been involved in the I.T. industry for tap into my account. Call me old
over 30 years now and have seen a lot, fashioned.
particularly banking systems. In fact the Actually, I don't find banking to be very
Japanese used our "PRIDE" methodologies complicated. I probably write 10-15
to design their latest generation of checks a month and make a couple of
banking systems which are considered deposits. To me, writing a check and
state of the art and ahead of their updating my register doesn't require a
American counterparts. With this said, I rocket scientist. True, I have to apply
recently went to my bank to make a postage to pay my bills by mail, but I
deposit. I know most of the tellers there see this as a very nominal charge. I also
and enjoy a good relationship with them. have to visit my bank to make a deposit,
However, on this occasion there was a new but I find this to be a pleasant
teller who dutifully processed my deposit distraction from my work.
and upon looking at my account told me, I'm sure these on-line banking systems
"Mr. Bryce I see you are not taking provide some handy services, but I don't
advantage of all of our on-line banking believe in change just for the sake of
services. Do you want a pin number or a change. If this is how I like to operate,
debit card? How about direct deposit and what's wrong with that?
on-line payment of bills?" I remember years ago when my grandfather
I politely declined the offer and said, passed away in Buffalo, New York, we went
"No, that won't be necessary." up to help my grandmother tidy up his
She kept pressing the issue and said, affairs. My father was rooting around in
"Don't you want to know what your the basement and found a small box
up-to-the-minute balance is?" I told her containing quite a sum of money. My Dad
I shouldn't have a bank account if I confronted his mother with it and said,
didn't know what was in it. "Mom, why are you keeping such a large
This got me thinking about our on-line wad of cash laying around?"
banking systems and how people interact "Well Sonny," she explained, "Don't
with them. I've been writing checks and forget the banks failed one time (a
balancing a check book manually for about reference to the Great Depression), and
37 years now. I don't find it complicated they can fail again."
and actually enjoy balancing my check I guess I feel somewhat the same way and
book; it's good mental gymnastics for me. basically don't trust on-line banking
I particularly like it when I find a bank systems. Even though I've been intimate
error. My children though are different with banking systems for a long time,
and take full advantage of on-line I'll probably be the last person to make
banking systems. They can't be bored with use of them. Don't forget I'll probably
balancing a bank account, they like also be the last guy to buy a cell phone
direct deposit, and often use their debit as well.
cards. I guess to each their own. Yea, I know what you're saying, "This guy
Somehow I've always had a problem with is out of step with the times."
allowing others to electronically tap Maybe, but I also know what's in my bank
into my bank account and have resisted it account and know how to pay my bills on
for years. I know they have some very time. Like I said, call me "old
good security measures over such fashioned.
transactions, but I still have an uneasy






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