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Launch of Paypal saw the beginning of easier online money transfers for goods. this allowed banks to make money for the first real time on P2P transfers of money.
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This allowed transaction images of checks to be counted as legally acceptable. This allowed banks to approve transaction faster and be able to have funds available quickly and reduce fraud.
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Bank of America to offer mobile banking. Allows users to be able to monitor there accounts as well as give banks the opportunity to promote their bank and offers to customers.
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This was the first time a mobile deposit was allowed to a bank from a customer mobile phone. this gives banks access to a more immediate pool of resources to use. Also give access to real time balances.
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Bitcoin the first crypto-currency was invented creating an online currency that is untraceable. (Reiff, 2020)
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Allows payments to happen anywhere letting small businesses grow allowing banks to have access to the money and have business accounts adds money to banks
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Creation of google wallet. Money can be kept there an utilized when needed with out the need for a bank to be open. Faster transactions. Allowed for 24 hr purchasing to take place when banks weren't open.
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A decentralized ledger for keeping track of digital transactions. This will allow transactions to be process quicker and seriously.
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With the popularity of Iphone the intruduction of apple pay gave users a way to pay without needing to keep a card on them at all times.
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EMV organically started in Europe and was only later adopted in the US in 2015. this allowed secure transaction using card to take place first introduce in Europe because of high authorization cost. Later in the US to secure transactions. (Olson, 2017)
