Armchair Banking and Investing

Financial institutions rush to provide home services

The ad was a grabber: "Futuristic way of living arrives in South Florida... Bank at midnight from your living room." When Physician Alfred Damus of Coral Gables, Fla., ran across the announcement one day last week in the morning paper, his imagination went to work. With a system called Viewtron, the doctor and his wife Leatrice could monitor their bank accounts, pay bills, keep track of their stock portfolio and perform other financial tasks simply by tapping the buttons on a notebook-size keyboard. Later that morning his wife spent $600 for the Viewtron machine being...

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