21st Century Banking Project

iWatch

• help organize your finance.
• can also set up alerts to alert you of any activity in your bank account.
• sets up a hologram, so you can talk to your teller.
• HDFC Bank is set to become the first Indian bank whose banking_applications will be available on the Apple Watch.

The Square

• A small credit card reader that plugs into your iPad, iPhone, or Android
• It accepts credit cards anywhere, has serious security, and is compatible with IOS and Android.
• Better Business Bureau said this new banking technology allows small vendors to sell more goods to a wider market.

Photo Bill Payment Apps

• This app allows online and mobile banking customers a photo of a paper bill with their phone and have the information automatically loaded into their account.
• Then they can pay the bill electronically.
• Currently only a few banks offer this service, including City Bank Texas.

Electronic Meetings

• Teleconferencing with a bank teller or loan officer is a relatively new and likely to be a big player in future banking technology. This service can be used to open a new account or apply for a loan or mortgage.
• Some credit unions and smaller banks are beginning to use uGenius technology to enable video conferences at local ATMs.

Mobile Payment Apps

• Payment apps are increasingly accepted at many mainstream stores.
• The user's credit/debit card information is loaded into the app. The consumer selects a card to use from the menu on their smartphone then touches the phone to an in-store reader.
• Levelup and Dwolla remain popular mobile payment apps for small business owners.

Floorplan

Sources

• https://youtu.be/vbNHCn2gHQ4
• https://youtu.be/bhPCvwHnk_Q
• http://bucks.blogs.nytimes.com/2013/03/14/next-in-mobile-banking-photo-bill...
• https://squareup.com/reader
• https://www.facebook.com/BanksInterviewAndGd/posts/321369101313498
• http://www.gobankingrates.com/banking/five-impressive-developments-banking-...

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