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Advantages Of Using A Credit Card Over Cash

Whether you are planning a large purchase or a small one, you might want to consider using a credit card instead of cash. When you use a credit card you get purchase protection and it is also easier to return things. Credit cards make it a lot easier to buy things without having to deal with so much risk. Read on to learn the benefits of using a credit card instead of cash.

Credit Cards Are Convenient

You never know when you are going to see something you want to buy. If you don’t have enough cash you are definitely going to want to use a credit card. You don’t have to worry about how much you are spending with the credit card and you never have to worry about not being able to pay for something when you use a credit card. Credit cards make things much more convenient. There are however a few places that do not accept credit cards such as Marijuana dispensaries due to federal laws. For situations like these you will need to offer your customers a cash option such as a marijuana dispensary atm.

Increase Your Spending Ability

If you don’t want to worry about how much money you have to spend you want to use a credit card instead of cash. If you are making a large purchase, you definitely want to put it on a credit card. Most people are not carrying around large amounts of cash. It isn’t safe to carry large amounts of cash around with you because you could end up getting robbed or worse.

The credit card allows you to make large purchases without having to deal with cash. It is a lot easier to make those purchases you really need when you choose the right credit card. Just put your large purchase on the card and pay it off when the bill comes so you don’t have to pay interest.

Credit Cards Provide Protection

One of the best things about using a credit card is that you get a high level of protection when you use one. You get all of the protection you need. If something goes wrong with the thing you have bought it is going to be a lot easier to get your money back.

You also often get extra insurance when you buy something on a credit card. Any fraudulent charges are going to be returned as well. You don’t have any protection when you use cash which makes it very dangerous. If something goes wrong you won’t be able to get your money back. If you have any issues with your purchase you will get assistance from the credit card company which can be a huge help when something goes wrong.

Credit Cards Give You Rewards

Another advantage of using credit cards is that you can get rewards each time you make a purchase. As long as you choose a rewards card you can start to earn rewards on any purchase you make. You can easily redeem your rewards for cash back, merchandise and more.

There are many reasons to use a credit card instead of cash. When you use the credit card you have so many benefits. Leave the cash at home and use a credit card instead.

The 50 Year Evolution Of The ATM


Automated teller machines, commonly referred to as ATMs, have now been in existance for over 50 years. During this time a lot has changed, yet one thing has remained the same, they continue to be one of the most commons ways in which people interact with their funds and financial institution. While you are likely fully aware of just how integral ATMs are in society, chances are that you do not know very much about their history.

Most people do not realize just how long ATMs have been around. They actually first hit the market in London in 1967. Just two years later they made their first appearance in the United States. Chemical Bank, located in Long Island, NY, is the first bank known to install an ATM at their location. At this time they were not able to service anyone other than those who held an account with their bank. In fact, that remained to be the case for over a decade. They also were walk-up machines that were often inside a lobby like area to protect them from the elements.

It is believed that the first drive-up ATM was installed and put to use in 1980. This is recorded by one of the first manufacturers of ATMs, NCR. They boast that they installed the first ATM of this kind in Baton Rouge, LA. They also report that to this day the United States accounts for over 90% of their drive up ATM sales. They believe that this reflects the car based society of the country when compared to other countries around the world, who typically use walk-up machines in urban areas.

In the beginning of the growth of these machines, their essential function was to allow people access to their funds outside of normal business hours. They had to go to a branch of their bank in order to retrieve funds from their account. By the late 70s they began to be able to coordinate the use across bank brands, making this technology far more effective and useful. It made it possible for people to access their money from around the country and then around the world. With this advance in conjunction with the ability to drive right up to the machine, very quickly ATMs became a staple of a typical American bank.

Since the 80s the options offered at an ATM have only continued to expand. Many can now accept check deposits that are applied immediately to the account. Some banks had entertained a variety of options that are no longer in use, such as dispensing movie tickets, stamps and gift cards. The changes are sure to continue as the banking industry continues to evolve with changing technology.

One thing is for sure, ATMs have become one of the most popular means of interacting with financial institutions. Where the technology will take us is anyone’s guess, but it is likely that there will be ATMs in our lives for many years to come. The interesting thing will be what they can do.

Why The ATM Machine Is Still Necessary In Banking

Most people today are doing transactions over the web. They may not realize how important ATM machines once were. This is where people still get money, if they need cash, but they have become less important over the years. However, there is still a great need for having ATM machines. This is especially true with banks of all different sizes. It’s important to find a quality ATM Manufacturer with reliable machines. Let’s discuss the benefits of using ATM machines, and why they are still necessary with banking

Why Were ATM Machines Initially Made?

These were initially made to provide added convenience for customers. Once the technology was made available, they realize that by putting at least one of these at their bank, they would be able to help customers get their money quickly. There were always going to be days when there would be long lines at a bank, and this made it easier for customers of the bank to get cash right away.

What Does An ATM Machine Do?

An ATM machine is something that dispenses cash, typically in $20 bills. You will put your bank card and, access your account, and then tell them how much money you would like to withdraw. This money can be taken out of your bank account, or it can come from a credit card. There is typically a fee associated with using an ATM machine that is not directly related to the bank where your money is located.

Why Are These Necessary With Banks Today?

Banks rely upon ATM machines for a couple different reasons. First of all, if there is one outside of a bank, it is typically there to help with production. If long lines have developed, and people need to get their money, they can access this money right away. Instead of having to wait for a bank teller, they can simply go to the ATM machine and have the money sent out.

Other Reasons That ATM Machines Are Important

A couple other reasons that ATM machines are so important is that it provides a high level of convenience for their customers. If people simply want to check how much money they have in their account, they can put in their card, enter in their password, and access how much money they have. They can even get a print out. In addition to this, if you are traveling abroad, and you can find an ATM machine, you can get currencies for whatever country you are in they will take the money directly out of your bank, or off of your credit card, so that you can get cash right away.

Now that you know why ATM machines are so important, you can see why these will be around for many years to come. Although most people will do their transactions online, or they will use their card with a bank teller, ATM machines simply give them another choice. Even if you have not used an ATM machine before, you can see the benefit of having these available in your city. Likewise, if you are traveling to other cities, or other countries, this will allow you to get money directly from these machines that you can spend while you are going to different locations.

Has Banking Changed Over The Last 30 Years?

Has Banking Changed Over The Last 30 Years?

It may be a sad fact of life but in order to live a full life in the 21st century you are going to have to interact with a financial institution at some point. However that interaction may be very different o that which was business as usual 30 years ago. In fact even a couple of decades ago the relationship that financial institutions had with the consumer was very different to what we are experiencing today. Gone are the days when every single transaction required an physical visit to the bank – what has replaced those visits is an increasing reliance on technology which according to the banks has made out lives better, simpler and the banking experience faster.

Technology has meant that banking institutions who have often demonstrated that they have the turning circle of a floundering Titanic have now had to react to consumer demand more quickly than ever before.

But what exactly has transformed the consumer experience of banking. Let’s take a closer look.

Remember the good old fashioned ‘tear your hair out’ banking queue. That’s a thing of the past. Everything that you do should be able to be done online. However, the banking and governmental systems that we have to deal with still insist on physical presence to have documents notarized. This is hangover from the previous century – not even the last 30 years. There is simply no reason for this. Security should not be an issue. The banking system needs to reform its systems so that online becomes the path of choice. But they are slowly moving in this direction – but to change requires time.

However the now common access to mobile applications now means that banking institutions have had to adapt or die. There are more options than there have ever been before when it comes to banking with a mobile device.

Credit cards are now a thing of the past for those who wish to accept the idea of cardless banking. This financial institutions that fail to offer their customers the ability to conduct their business or simply to make retail payment using a mobile device will become dinosaurs – and extinction will follow very shortly. Increasingly it is not banks that are offering this service it is companies in the data and retail sectors that are taking over payment. Whereas banks 30 years ago would make a tidy profit from transactions involving credit cards – today it is a free service and companies like Google and Amazon are taking full advantage of this chink in the armor of banks.

The weaknesses of in terms of data security are also beginning to worry consumers. Data breaches that reveal credit card information and other personal details are becoming increasingly common. The faith that consumers have with retail banking is at an all time low. The world is simply too complex to rely on decades old technology. That is changing – but the rate of change is too slow.

Out simply – the world of banking has changed, but it has to change much, much faster otherwise consumers will look for financial solutions elsewhere, including the use of Crypto currencies and alternative payment methods.

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