Today's consumers are always looking for the best deals, and they have countless tools at their fingertips to find them. When it comes to financial institutions and their choice of credit and debit cards, rewards are among their top priorities.
Technology has been making dramatic changes to the banking and payments industries. One of these is the interactive teller machine.
In the days prior to the ATM's debut in 1967, people who wanted to make a withdrawal from their account needed to go to the bank and wait in line. Branches became congested and demand threatened to make longer hours necessary.
When debit, credit and pre-paid cards first made their mark on consumer spending habits, there was typically a several-day wait period before a person actually received his or her card. Financial institutions have worked to reduce that wait time, and now consumers have grown to expect their card to be ready immediately after applying for or requesting it.