TECHNOLOGICAL ACCESS TO SERVICES 4
TechnologicalAccess to Services
Applicationof modern technology in financial services has improved the waypeople handle money and complete their financial transactions. Themain functionality of the modern technology in finance is to allowaccess to financial services and personal services. According toSmith (2015), the use of enhanced technological tools in bankingand money services has enhanced financial management of both personaland business finances. Among the most commonly used technologicaltools in the financial industry is the use of Automated TellerMachines (ATMs) and Smart Cards. On the educational services, thedevelopment of eBooks has enhanced the access to books and literarycontent. The main purpose of these tools is to allow access topersonal banking and personal services like libraries. The discussionabout these tools will explore the use of ATMs, Smart Cards andeBooks in order to evaluate their contribution to technologicalaccess to financial and personal services.
Theuse of modern devices and technological gadgets in transacting haspositively impacted on businesses and personal financing. ATMs aremachines allow the access of cash to holders of financial credit,held on ATM cards such as debit cards. These devices allow accessservices that would otherwise require entry into a bank and accessingthe same service from a teller. At the same time, smart cards allowaccess to documentation, authentication services, and paymentservices, banking services, retail services, accessing healthservices and controlling access. On the educational front, eBookshave enhanced the access to literature and libraries. With theseservices, financial transactions have been made simpler and enhancedease of payments. The development of technologies like ATMs and smartcards has significantly enhanced the access to financial and personalservices in the modern day.
Smith,A. (2015). U.S.Smartphone Use in 2015. Retrievedfrom<http://www.pewinternet.org/2015/04/01/us-smartphone-use-in-2015>August 2, 2015