Vintage Banking - 1980 Electronic Funds Transfer, Introducing EFT (ATM, ACH, Computing)

Vintage 1978-1980, a cute and nostalgic look at the “NEW” EFT process introduced in 1978. The last 2 minutes are especially interesting. Note: This was 15 years before the "World Wide Web." Uploaded in its entirety. Computer History Archives Project

{Produced in 1980 as an Educational Public Service by the Philadelphia Federal Reserve Bank}.

(a helpful viewer added: ” The bank scenes were filmed at a First Pennsylvania Bank branch in the Packard Building in Philly. It’s a Del Frisco’s steakhouse now. The basement vault shown in the video is still intact. The vault interior has been converted to a private dining room encased by glass wine cellars and still has the 13-ton metal door. (Lots of pics of this — just Google “Del Frisco’s vault room”) – Thank you, David!

A little about Del Frisco:
https://www.youtube.com/watch?v=g5aQ2fqupLw

EFT – Electronic Funds Transfer
ATM – Automated Teller Machine
ACH – Automated Clearing House
PIN – Personal Identification Number

More related early ATM history videos:

1967: The world’s first ATM unveiled at a Barclays Bank in Enfield, UK.
https://www.youtube.com/watch?v=x9mwgKMrZ1U

1969: First ATM in U.S.
https://www.youtube.com/watch?v=7wNVU_Cvoss

1969: An Australian news video its first ATM
https://www.youtube.com/watch?v=yuClDSofyJs

Thanks also to Speakeasy Archives (Old Time TV, Radio: digital transfers) http://www.speakeasyarchives.com/

Видео Vintage Banking - 1980 Electronic Funds Transfer, Introducing EFT (ATM, ACH, Computing) канала Computer History Archives Project