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Home/Magazine Archive/December 1963 (Vol. 6, No. 12)/Telefile: a case study of an online savings bank application/Abstract

Telefile: a case study of an online savings bank application

By M. Sanders
Communications of the ACM, December 1963, Vol. 6 No. 12, Pages 708-712
10.1145/763973.763976
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The development of an on-line computer system for a savings bank institution is traced from the early conceptual needs of the bank to the consummation of design by The Teleregister Corporation. Both bank and equipment criteria are specified which led to the development of the Telefile System of The Teleregister Corporation.Operation of the on-line and off-line programs are described and statistics are cited for reliability and performance of the system. Benefits to the bank are discussed from the banker's point of view; an indication of future trends in the on-line savings bank field is also discussed.

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