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Article: EDI: necessary, but not necessarily profitable. (electronic data interchange)
- Article from:
- American Banker
- Article date:
- July 22, 1996
- Author:
CopyrightCOPYRIGHT 1996 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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More than a dozen years after the advent of electronic data interchange, advocates of the technology are growing comfortable in claiming it is helping banks turn profits.
But the claims are tempered by the fact that profits from one highly touted aspect of the technology - financial EDI - have largely failed to materialize.
Instead has come the realization that this function - the automated exchange of payments-related information in standard computer formats - is just another "utility" that corporations demand as part of their overall banking relationship.
"I'm not making money necessarily on the EDI, but the way I look at it is, I make money on the ...