Technological Innovation in Retail Finance

Technological Innovation in Retail Finance

4.11 - 1251 ratings - Source

This edited volume offers a new and original approach to the study of technological change in retail finance. Documenting developments in the US alongside case studies from Mexico and Europe, Technological Innovation in Retail Finance addresses the variety of financial institutions that populated the markets for retail finance. It offers a massive research base reflecting not only breadth of contributor interests, but also a unity of purpose that comes from several workshops and comments on each other's work. Technological innovation had a major role in the shaping and developing of administrative procedures, routines, and capabilities in organizations offering retail financial services. Indeed, with the exception of contemporary case studies for the UK, the current a€˜state of the arta€™ in the study of the computerization of financial services from an historical perspective is overwhelmingly focused on developments in the USA. This volume overcomes the usual bias towards the so called a€˜Atlantic continuitya€™ in the understanding of technological change related to applications of information and telecommunication technologies (ICT) by offering a number of sources of distinctiveness. It shows when and how technological change altered the competitive intensity in the markets for retail finance.In the 1950s, cheques became a general alternative means of payment in the industrialized parts of North America and ... Banks in North America and Western Europe standardized cheque designs with magnetic ink character cheque numbers to ease manual handling and ... Credit cards emerged in the 1950s and became widespread in the 1960s and 1970s. ... the 1980s, and simultaneously magnetic strips in credit cards were introduced and facilitated machine processing withoutanbsp;...

Title:Technological Innovation in Retail Finance
Author:Bernardo Batiz-Lazo, J. Carles Maixé-Altés, Paul Thomes
Publisher:Routledge - 2010-11-23


You Must CONTINUE and create a free account to access unlimited downloads & streaming