IDEAS home Printed from https://ideas.repec.org/a/pal/jbkreg/v14y2013i3p241-254.html
   My bibliography  Save this article

The rise and success of the barcode: Some lessons for financial services

Author

Listed:
  • Alistair Milne

Abstract

This article critically examines the analogy between the barcode and the standardization of data and communication in financial services, recounting the history of the barcode and considering what lessons this offers for regulation and management of financial firms. The initial development and uptake of the barcode was slow, requiring a decade before barcode scanning at point of sale fully took off worldwide and longer still for full application in the global supply chain. This experience indicates that even substantial economic and business benefits do not ensure rapid adoption of efficiency enhancing technological innovation. This requires incentives for adoption and these can remain weak until a demonstrable business case for change emerges. Such a case may be difficult to make for similar standardization in financial services, especially if adoption is perceived to lower barriers to entry and increase competition.

Suggested Citation

  • Alistair Milne, 2013. "The rise and success of the barcode: Some lessons for financial services," Journal of Banking Regulation, Palgrave Macmillan, vol. 14(3-4), pages 241-254, July.
    • Handle: RePEc:pal:jbkreg:v:14:y:2013:i:3:p:241-254
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/jbr/journal/v14/n3/pdf/jbr201316a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/jbr/journal/v14/n3/full/jbr201316a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bholat, David, 2016. "Modelling metadata in central banks," Statistics Paper Series 13, European Central Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:jbkreg:v:14:y:2013:i:3:p:241-254. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.