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Article ID: CBB565212269

Consortium Computing and Time Slicing in the Banking Sector: Databank Systems Ltd New Zealand (April-June 2021)

Toland, Janet (Author)

IEEE Annals of the History of Computing
Volume: 43
Issue: 2
Pages: 18-29

DOI: 10.1109/MAHC.2020.3007065

Publication Date: April-June 2021
Edition Details: Theme Article: Computing and Capitalism
Language: English

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Regulation History of Computing Business enterprises Banks and banking Databases Currency Computers and computing Computer Service Bureau 20th century New Zealand

Databank Systems was set up in 1967 by a consortium of New Zealand banks to share computing services. This was the first instance of computers being used to integrate the ledger accounts of all trading banks within a country, an innovation facilitated by the relatively small size of the country, the rising use of cheque facilities, and the realization that a joint effort would provide a more efficient service by enabling the pooling of resources to achieve scale from expensive computing technology. In 1972, Databank introduced time slicing, allowing nonbank customers to use spare capacity on the Databank system. This use of Databank outside the banking systems was controversial and the management of Databank was increasingly at odds with the Bankers Association. This article uses the example of Databank to address the tensions between consortium computing and the sale of spare time resources in banking.

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Associated with

Article Kira Lussier (April-June 2021) From Papers to Programs: Courts, Corporations, Clinics, and the Battle Over Computerized Psychological Testing. IEEE Annals of the History of Computing (pp. 30-41). unapi

Article Devin Kennedy; Gerardo Con Diaz (April-June 2021) Computing Capitalisms—Part 2. IEEE Annals of the History of Computing (pp. 5-5). unapi

Article Theodora Vardouli; David Theodore (April-June 2021) Walking Instead of Working: Space Allocation, Automatic Architecture, and the Abstraction of Hospital Labor. IEEE Annals of the History of Computing (pp. 6-17). unapi

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https://data.isiscb.org/isis/citation/CBB565212269/

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