Week 4 Discussion.docx - Chapter 4 Savings Discuss the Case in Point Evaluating Banking Services which can be found near the end of Chapter 4 Fully

Week 4 Discussion.docx - Chapter 4 Savings Discuss the Case...

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Chapter 4- Savings Discuss the Case in Point: Evaluating Banking Services , which can be found near the end of Chapter 4. Fully answer questions 1 - 3. Discuss impact of future technologies: Read the article entitled 8 New Banking Technologies You'll See in the Next Five Years . Choose one technology, and briefly comment on how you think it will impact your banking activities. Case in Point: 1. Mobile banking would give Melanie the benefits of convenience and saving time along with immediate access to information. Some concerns include privacy, security of data, ease of overspending, costly fees, and potential online scams. A prepaid debit card could be beneficial to Melanie in helping her lower her debt by allowing her to control spending and buying on credit. The concern with prepaid debit cards are the extensive fees due to regulations. A cash-checking outlet is good for cashing her check somewhere that she doesn’t have an account. They also provide many other helpful services
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  • Spring '08
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  • Credit card, Cheque

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