Zip Code Banking

October 1968
Time;10/25/1968, Vol. 92 Issue 17, p108
The article focuses on the Giro account which is a new automated banking system that was introduced by the General Post Office (GPO) of Great Britain. It states that Giro will allow customers to transfer their funds without the use of cash or checks. It says that Giro will circulate the funds within the largest post-office network of the country. It adds that corporations could use Giro computers to pay their employees and collect their bills through the banking system.


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