ATMs Are Still An Integral Part Of The Banking Industry

While most adults have used ATMs to check their banking accounts, withdraw funds and transfer cash from one account to another, many folks don’t realize that these machines have been around for half a century. Though there has been a dramatic increase in mobile banking, Puloon ATMs still provide a valuable function in communities around the globe.

Other forms of self-service systems had already been in place, with vending machines being the most well-known. However, the ATM was the first that did not involve purchasing physical items at the location. It took some time for them to catch on, eventually becoming a mainstay of the banking industry.

These popular machines made it possible for people to withdraw cash from their checking and savings account without the need to visit a bank branch. An added convenience was that the money could be accessed during non-banking hours.

Although the use of cash has declined as digital transactions have become more popular, it is still used in the majority of transactions around the world. For those who work in and study the banking industry, this holds promise for the future of ATMs.

However, the major banks across the US and in other parts of the western world have been working on upgrading the devices, which are not much different than the ones introduced 50 years ago. Digital and ATM banking are preferred by most over walking into the local bank.

The redesign for the newer models mimic some of the conveniences of mobile banking, including connecting to smartphone apps. For those who don’t want to walk up to the machine with a debit card, this can simplify getting their money fast.

Cardless transactions are growing in popularity, and the banks are evolving their automated systems, expanding on the existing touchscreen technology. Additionally, some banks are raising the daily withdrawal limits, offering stamps and accepting payments for mortgage and credit cards.

The future of ATMs in the banking industry is likely to include additional products for sale that are conventionally offered inside the bank. For example, The ATM might inquire if you are interested in opening a brokerage account.

The changing landscape of how money is viewed and handled has left the banks in the precarious position of upgrading their ATM services in a way that allows them to stay competitive in the market. Additional upgrades are sure to evolve as consumer needs and demands grow.

Great Home Insurance Tips And News

If you are a homeowner, you’ve already invested a great deal of time and money into acquiring and maintaining your home.
Now it’s time to make sure that investment is safely guarded in case of an unexpected loss. Researching and purchasing home insurance is a crucial step in safeguarding your large equity investment. Understanding the basics of what home insurance is as well as how to shop around for it is crucial.
Know your home’s actual value.

This may be different from the price you initially paid as the market changes often. Your house’s actual, current market value is what matters to an insurance agent when he is considering your application. A local builder may provide the best estimate as he or she will be unaffiliated with the insurance industry.

unfortunately, your home insurance agent isn’t necessarily going to be your friend. To an agent, your house is not a home but rather a series of potential risks and statistics. Be sure to know a fair market value on all of your largest investments (furniture, electronics, cars, etc) and keep records like photos or receipts in the unfortunate event that you need to prove your home’s value in case of loss.

Shopping around means looking at more than just the price.

A low price isn’t a good deal if your agent takes a long time to respond to or service a claim. Ask around about agencies and take recommendations from friends. Demand discounts from your potential home insurance agent and ask about average turn around time on claims.

Not all insurers price the same risks identically. If you live in a coastal region at risk for flooding, it’s wise to ask different home insurance agencies what their policies and costs are on flood insurance. This is just one example, but it’s good to be aware of the potential risk factors that your agent will be taking into consideration when considering the cost of your home insurance policy.

While you can’t change your risk factors, you can work hard to save money through wise shopping around and asking for discounts. Don’t waste money on an overpriced home insurance policy ever again when a little research can be your best ally. Ask about combining coverage and discounts for your credit score if it is particularly strong. Information is the best protection so be prepared when looking into purchasing a home insurance policy.