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Debit Cards
In 1998 debit card transactions first outnumbered the use of checks around the world. This number has continued to grow over time. Debit cards are now commonly used for most transactions at stores in the United States.
Reference:
Lambert, M. (2011), "The History of Debit Cards" Retrieved from http://www.brighthub.com/money/personal-finance/articles/42073.aspx -
Online Banking
By 2000, online banking had become mainstream: An overwhelming 80 percent of banks in the U.S. were offering internet banking services. In 2001, Bank of America made history as the first financial institution to gain more than 3 million online banking customers, about 20 percent of its customer base.
Reference:
Sarreal, Ruth (2016), "History of Online Banking: How Internet Banking Became Mainstream" Retrieved from https://www.gobankingrates.com/banking/history-online-banking/ -
Mobile Banking
It took until 2007 for major banks in the U.S. to develop mobile banking apps that actually worked and customers wanted. By 2008, even smaller banks began to offer mobile banking services and apps. By then, larger banks and their customers were using these services regularly.
Reference:
Morrison, Janet (2010), "History of Mobile Banking" Retrieved from https://www.sapling.com/6805576/history-mobile-banking -
Advances in ATM
In 2011, BBVA became the first bank in Spain to introduce multi-function touchscreen ATMs. These devices not only adapt to the customer’s typical usage —for example suggesting the bank notes usually preferred or services most used— but also allow customers far more access to services (up to 70 features) than before.
Reference:
BBVA.com (2017) "History of ATMs and a new way to bank" Retrieved from https://www.bbva.com/en/history-atms-new-way-bank/ -
New York Cyber Security New Regulations
The regulations require that banks, insurance companies, and other financial institutions establish and maintain a cybersecurity program. The new rules are widely viewed as the first of their kind and potentially a baseline model for other states.
Reference:
Zurier, Steve (2017), "New Cybersecurity Regulations Begin Today For NY Banks" Retrieved from http://www.darkreading.com/risk/new-cybersecurity-regulations-begin-today-for-ny-banks/d/d-id/1328295
