P.O.S.B. now on computer

Press, 27 October 1977, Page 11

P.O.S.B. now on computer

‘The chage to computer banking althe Post Office Savings Bak was one of the most Lccessful such moves by ie Post Office in the citry so far, according * the acting manager dlr 'V. G. Clark). The Christthurch branch of the POS.B. his the largest savings bank branch in Mew Zealatd. A compter team had been workng on the conversion for some time and last week had to cajture all accoun balances and feed them into the nain Post Offic: computer in Wellington, ready for onversion dtv, said Mr Clark. “The teiminals in he Christchurci office wire all ready t-> go on Tuts-

day morning, and they were switched on with the first customers’ arrival at 9 a.m.” Mr Clark said the change to computer banking would reduce the work load on the savings bank branches concerned and would also streamline customer service. Public reaction throughout the day had been extremely favourable, he said.

The Post Office has already introduced the computer banking service to branches at Lyttelton New Brighton, Merivale, Addington, Leeston, Rangiora, Riccarton, Sumner, Sydenham, and Woolston. By the end of this month the service will have been

extended to the Armagh Street, Univerity of Canterbury, and Bishopdale branches, and next month the Ashburton, Linwood, Methven, and Papanui branches will change. The conversion of these 20 savings banks involves 385,000 accounts. It will enable account holders to make deposits and withdrawals from any computerised post office in New Zealand and all accounts will be held on the main computer at Wellington so that passbooks can be updated instantly. This includes credits which may have been lodged only, minutes before elsewhere in New Zealand.