Alternatives to EFTPOS: 2: Time to let the CAT out of the bag?

Abstract

The first part of this article, published in our March/April issue, looked at the Smartcard — a computerised creditcard which the author suggests would be a considerably less complex and more secure method of cashless payment than EFTPOS. In this second article, Tim Kingaby looks briefly at EFTPOS systems in Belgium and the States, where the banks are in the unusual position of being forced to foot the bill. He then goes on to suggest two further, and cheaper, alternatives to EFTPOS: an extensive network of ATMs in all sorts of consumer‐convenient locations; and the customer activated transaction (CAT) system in America.

Citation

Kingaby, T. (1984), "Alternatives to EFTPOS: 2: Time to let the CAT out of the bag?", Retail and Distribution Management, Vol. 12 No. 4, pp. 64-65. https://doi.org/10.1108/eb018238