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Introduction
Application of modern technology in financial services has improved the way people handle money and complete their financial transactions. The main functionality of the modern technology in finance is to allow access to financial services and personal services. According to Smith (2015), the use of enhanced technological tools in banking and money services has enhanced financial management of both personal and business finances. Among the most commonly used technological tools in the financial industry is the use of Automated Teller Machines (ATMs) and Smart Cards. On the educational services, the development of eBooks has enhanced the access to books and literary content. The main purpose of these tools is to allow access to personal banking and personal services like libraries. The discussion about these tools will explore the use of ATMs, Smart Cards and eBooks in order to evaluate their contribution to technological access to financial and personal services.
Conclusion
The use of modern devices and technological gadgets in transacting has positively impacted on businesses and personal financing. ATMs are machines allow the access of cash to holders of financial credit, held on ATM cards such as debit cards. These devices allow access services that would otherwise require entry into a bank and accessing the same service from a teller. At the same time, smart cards allow access to documentation, authentication services, and payment services, banking services, retail services, accessing health services and controlling access. On the educational front, eBooks have enhanced the access to literature and libraries. With these services, financial transactions have been made simpler and enhanced ease of payments. The development of technologies like ATMs and smart cards has significantly enhanced the access to financial and personal services in the modern day.
Reference
Smith, A. (2015). U.S. Smartphone Use in 2015. Retrieved from <http://www.pewinternet.org/2015/04/01/us-smartphone-use-in-2015> August 2, 2015