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Essay / Research Paper Abstract
20 pages in length. The purpose behind the banking industry implementing any change is to augment the capacity of its clientele. Inasmuch as change can be both a beneficial and detrimental endeavor, it is a very wise decision for the industry to wholly investigate all potential gains and losses long prior to employing this important modification. In this day and age, it is critical to the overall success of banking businesses to expand beyond the limited horizons of the past; indeed, to be able to diversify and reach toward loftier goals is only possible in the contemporary market by striving to bring together a variety of networking capabilities. Those like the banking industry that have established a sense of innovation within the framework of their industries have, historically, had positive results in the final outcome; however, to be fair, there have also been those who have attempted to incorporate the concept of such vastness in operation only to find that this particular venture was not as productive as they had anticipated. For the banking industry to follow suit upon the Internet is for it to completely and utterly open up to the whims of progress in the twenty-first century; with the evolution of ATM's, debit cards and the like, the global community is moving forward to the inevitable cashless society. Bibliography lists 16 sources.
Page Count:
20 pages (~225 words per page)
File: LM1_TLCelecF.rtf
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Unformatted sample text from the term paper:
can be both a beneficial and detrimental endeavor, it is a very wise decision for the industry to wholly investigate all potential gains and losses long prior to employing this
important modification. In this day and age, it is critical to the overall success of banking businesses to expand beyond the limited horizons of the past; indeed, to be
able to diversify and reach toward loftier goals is only possible in the contemporary market by striving to bring together a variety of networking capabilities. Those like the banking
industry that have established a sense of innovation within the framework of their industries have, historically, had positive results in the final outcome; however, to be fair, there have also
been those who have attempted to incorporate the concept of such vastness in operation only to find that this particular venture was not as productive as they had anticipated.
For the banking industry to follow suit upon the Internet is for it to completely and utterly open up to the whims of progress in the twenty-first century; with the
evolution of ATMs, debit cards and the like, the global community is moving forward to the inevitable cashless society. II. ELECTRONIC FUNDS TRANSFER Money, a form of tradable currency
and "common article for bartering" (Merriam-Webster, 1998, p. PG), is critical to establishing and maintaining a healthy market economy; without its influence, the modern market as we know it would
not exist. While the fundamental purpose of money is to provide a means by which people can obtain commodities in exchange for currency, the changing nature of transferring this
monetary possession reflects the growing need for a cashless society. Technology is making it increasingly easier for people to live, and the banking
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