Technology has been a boon to many industries and
notably to the industry. With the help of technology banks ar able to reach out
to extra customers and provide higher services to them. Also, it helps them
perform during an organized and in a secure methodology.
As for America (the customers) we’ve ATMs, cash deposit
machines, on-line banking, mobile banking etc that ar all fruits of
technological advances that have created our banking experience lots of easier.
The following points prove the importance of technology
in banking industry:
1. Mobile banking:
Telephone or Mobile banking might be a service provided
by a banks and establishment where consumer performs their dealing, over the
mobile. This technology facilitates to call the bank and provides order to a
bank laptop for closing of operation below your account.
2. Machine Machine(ATM):
An automated teller machine might be a processed device
that has access for money group action in an exceedingly} very public place.
The consumer can have access to his account to make cash withdrawals and check
balances. apart from these functions ATM facilitates to transfer money from one
account to a distinct and would possibly request for a cheque book.
3. Debit cards:
A revolving credit might be a plastic card with a
magnetic strip which can be utilised by a client as a technique of payment. not
sort of a mastercard, there’s no line of credit; the revolving credit is
connected to the account.
Funds charged to a revolving credit ar directly
deducted from the bank account it’s associated with. it’s card that has
Associate in Nursing alternate payment methodology to cash for making
purchases. it should be stated as as electronic cheque.
4. Web Banking:
Internet banking means conducting financial dealing
through an internet web site. In internet banking customers have Associate in
Nursing access to their account through a server. It provides varied services
like on-line mercantilism, on-line bill payment, search on-line etc.
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