IEEE Computer Volume 12 Number 1 -- NEW APPLICATIONS & RECENT RESEARCH
Original Publication Date: 1979-Jan-01
Included in the Prior Art Database: 2005-Nov-10
Software Patent Institute
Prof. D. A. Michalopoulos: AUTHOR [+2]
NEW APPLICATIONS & RECENT RESEARCH * Nebraska bank network uses Tandem Nonstop computers for electronic funds transfer ** POS transactions. ** Omline reliability. * Computers enable prediction of worldwide wheat yields
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NEW APPLICATIONS & RECENT RESEARCH
I c' n=wl 1~ I an I edited by I Prof. D. A. Michalopoulos
| California State University, Fullerton
Nebraska bank network uses Tandem Nonstop computers for electronic funds transfer
A Nebraska network of 97 banks with 350 on-line terminals is providing aroundthe- clock banking through a customeroperated point-of-sale service and automated teller machines. The operation relies on a configuration of three Tandem computers to perform on- line financial transactions and two Burroughs systems to handle non-financial business activities.
In the four years that these bank services have evolved, transactions have grown at the rate of 30 percent per year, says Sam Somerhalter, senior vice-president of First National Bank & Trust Company of Lincoln, the network's central bank. Since initiation of POS services, the bank's transactions have soared from 8000 to 20,000 per month.
The network has installed POS devices in many supermarkets and discount chains across the
state. A customer inserts his plastic bank "debit" card in the POS terminal and is prompted
through one of the three procedures available. He can (1) obtain a validated receipt, known as
"scrip,'' that is equivalent to cash and which is automatically deducted from either his checking
or savings account, (2) make a deposit or transfer funds from one bank account to another, or
(3) inquire about the status of his account(s). He can then use the scrip as cash at the store check-out counter, receiving his change in cash.
Like the POS terminals. the network's automated teller machines, located outside the bank doors, can accept deposits, make withdrawals, transfer funds, and answer account inquiries for customers using plastic debit cards.
For member banks, meanwhile, the system issues daily updates of their ac" counting status. Each bank transmits all of its daily withdrawals, deposits, and transfers to one of the network's four service centers for overnight batch processing. During the day, the data are accessible on- line from any of the member banks' CRTs, POS terminals, or automated teller machines.
Before installing the POS terminals. First National Lincoln sought a computer system that could handle the two million messages expected eventually for the network -- twice the volume handled by the former system. It selected Tandem Computer's Nonstop dual-processor system.
The Tandem central processors are interconnected by a redundant structure involving dual communications paths. I f one proces...