Magazine article American Banker

Information Technology Taking Varied Paths

Magazine article American Banker

Information Technology Taking Varied Paths

Article excerpt

Information Technology Taking Varied Paths

Two crosscurrents are sweeping over information technology for banks and their customers. One is a trend away from the telephone and toward cheaper over-the-air delivery. The other is a trend away from single-purpose desktop equipment and toward the microcomputer.

"We want to blow those guys off the map who are using phone lines,' says an officer of International Marketnet.

International Marketnet, known as Imnet, is the joint venture set up by IBM Corp. and Merrill Lynch & Co. It plans to send quotes and news by piggybacking on the signals of public television stations, using the "vertical blanking interval,' extra lines transmitted when a television station sends out the 525 lines that form the picture on a standard U.S. TV screen.

The sidebands of FM radio signals are used in similar fashion. And whether the signals are television or FM radio, they get to the broadcasting station first by satellite.

The Security Pacific Corp. announced last week that a subsidiary will send real-time financial information by satellite so subscribers can pick it out of the air directly with a dish antenna or from the sideband of an FM station. The project manager for MiRateFinder, as the system is called, has used a paper clip as an FM antenna in Manhattan to receive a signal from the Empire State Building.

The Public Broadcasting Service, Imnet's partner, has the biggest satellite net in the country, serving 308 stations via transponders it owns on the Westar IV. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.