What Does COBOL Stand For? Why Banks Still Use It Today
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What Does COBOL Stand For? Why Banks Still Use It Today
COBOL stands for Common Business-Oriented Language. Created in 1959 by a team led by Grace Hopper, COBOL was designed to read almost like English. More than 60 years later, it's still running some of the world's most important systems. At one point, COBOL powered an estimated 43% of banking systems and 95% of ATM transactions worldwide. Follow ...
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