Report to the DBC on the proposed Sainsbury/National Girobank EFT trial

Gives introduction, objectives, methods of operation, finanicial considerations and trail duration and evaluation of the trial.

EFT (Electronic Funds Transfer), refers to systems for the electronic transfer of money. This includes EFTPOS (Electronic Funds Transfer at Point of Sale) systems, which are systems which allow the electronic transfer at the point of sale (ie the checkout), and which enable electronic payment with a credit or debit card. EFTPOS was introduced to Sainsbury's stores in October 1989 - initially only the Switch debit card was accepted by Sainsbury's, but from 1991 credit cards were also accepted.

[DBC: Department of Branch Computing or Director's Branch Committee?]