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Introduction of Bank Cards
Bank cards or debit cards were introduced in the 1970s as a way for customers to manage their money and their accounts. -
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Direct Deposit
By 1974, payroll deposits were available to receive funds. -
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Online Banking
The first online banking transactions took place in New York from 4 major banks. -
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Digital Check
Digital check processing was approved in 2003 to speed up the process of clearing checks and to allow customers to deposit their funds remotely instead of having to stand in lines for a bank teller to do it for them. -
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Bitcoin
Bitcoin is trending because it is pure currency but it is not required to be backed by the government for spending.