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Accessing accounts through landlines begins
4 large banks in New York city allows customers access to their personal accounts from home through telephone land lines. -
Online Banking begins
Online banking as we call it now first began with financial institutions allowing their customers access to accounts via the internet. Stanford Federal Credit Union was the first to allow customers to access their accounts in this manner. -
Paypal Established
Paypal was established. Money could be transferred from one person to another with a small transaction fee. This was the start to the first peer to peer payments. -
Mobile banking starts in Europe
European banks started offering mobile banking as an option. This is the first touch into mobile banking. -
Paypal joins with Ebay
Paypal reached a massive scale when they linked up with Ebay to expand into ecommerce -
US releases mobile banking apps
Major banks in the United States released mobile banking apps that would function and that customers would use. Previous versions were not successfully adopted. -
Internet Banking grows even more
Internet banking grew at a faster rate with the evolution of different services like mobile check deposit capabilities, EMV-chip debit cards, and better mobile banking applications. -
The Digital Wallet
Google introduced the digital wallet. This wallet allowed users to make payments, receive loyalty points and receive coupons. Only a few merchants used this option. -
Apple Pay Released
Apple released Apple Pay in the US and it spread quickly to the UK and China. -
Android and Samsung Pay
Android and Samsung released their pay system versions. -
Zelle started
Zelle was introduced that allowed instant money transfers from over 30 US banks.