Thus, in adapting new technologies, it also is important to foster resources in terms of know-how and skills so that human employees can effectively use such technologies.
Harding, described the circuitous, opaque, and costly route one payment made: “…a bank in Rochester, N.Y., sent a check drawn on a Birmingham, Ala., account to a correspondent bank in New York, which sent it along to a bank in Jacksonville, Fla. From there, it traveled to Philadelphia, Baltimore and Cincinnati before it finally reached the originating bank in Birmingham.” 2 The fragmentation of the payment system imposed costs on American merchants, households, community banks, and, ultimately, on the overall U.S. economy.