A secure, national system for electronic funds transfer
D. Kaufman, Kathleen G. Auerbach · 1976
This paper presents guidelines for development of a secure national network for electronic funds transfer. Six security principles are developed. These principles, together with certain important networking notions, are utilized to evolve a system level design of a secure localized system for electronic funds transfer. This design is then further defined in order to address the various problems involved when local systems are linked to form a national network. It is concluded that national standards are needed in order to prevent proliferation of incompatible local systems.