Prior to the use of eft technology, fund transfers were made in a series of separate, nonautomated clerical operations. ... on the terminal and in seconds, the customera#39;s bank account is debited for the amount of the purchase and the storea#39;s account is credited for the amount of the sale. ... However, when the transaction is carried out using a debit card and a POS terminal, manual processing is eliminated.
|Title||:||Technology and its impact on labor in four industries|
|Author||:||United States. Bureau of Labor Statistics|