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Article: Survey suggests EDI can fly if banks buy in. (electronic data interchange)
- Article from:
- American Banker
- Article date:
- February 8, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Demand for financial electronic data interchange services is hitting a level that may induce thousands of banks to participate more fully in the business, according to industry executives.
The prediction, from executives at the National Automated Clearing House Association and from bankers, comes in response to a survey by the trade group in which 64% of corporations responding said they would increase their participation in financial EDI if all banks were EDI-capable.
Corporate Customers Ready for Financial EDI
"If all banks were EDI capable, we would increase EDI participation"
Strongly agree 27.0%
Agree 37.2%
Neutral 29.8% ...