Research Article Open Access

Internet-Based Financial EDI: The Case of Bank of America and Lawrence Livermore National Laboratory Pilot

Abstract

Bank of America (BofA) has used Electronic Data Interchange (EDI) to transmit financial transactions between itself and its customers for years. Until recently, however, BofA has used direct private lines or third-party value-addednetworks (VANs) as the carrier of the EDI data. In 1994, BofA initiated a pilot project with its customer Lawrence Livermore National Laboratory (LLNL) to investigate whether the Internet could be used for secure, reliable, and fast financial EDI (FEDI) transactions. The results of the pilot project, which ended June 30th, 1996, are presented and possible implications are discussed. The results suggest that the Internet is a viable alternative carrier for critical or sensitive business transactions.

Arie Segev, Jaana Porra, Malu Roldan

To read the full article Download Full Article | Visit Full Article